Saturday, January 7, 2017

ATTOM Data Solutions Reports Buying More Affordable Than Renting in 66 Percent of U.S. Housing Markets


Daren Blomquist
IRVINE, Calif. –— ATTOM Data Solutions, curator of the nation’s largest fused property database, released its 2017 Rental Affordability Report, which shows that buying a home is more affordable than renting in 66 percent of U.S. housing markets analyzed for the report.

The analysis incorporated recently released fair market rent data for 2017 from the U.S. Department of Housing and Urban Development, wage data from the Bureau of Labor Statistics along with public record sales deed data from RealtyTrac in 540 counties with at least 900 home sales in 2016 (see full methodology below).

“While buying continues to be more affordable than renting in the majority of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017,” said Daren Blomquist, senior vice president with ATTOM Data Solutions, the new parent company of RealtyTrac.

“In that scenario, renters who have not yet made the leap to homeownership will find it even more difficult to make that leap this year. Additionally, renting may end up being the lesser of two housing affordability evils in a growing number of high-priced markets.”

  For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann
949.502.8300, ext. 139



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