Zillow: Rents Rising Faster Than Home Values

According to an analysis by online real estate platform Zillow, the cost of renting a home in the U.S. is increasing faster than average home values. While home prices have risen, mortgage rates have remained low enough to keep the cost of buying a home more affordable than renting, in terms of the percentage of gross income spent on housing—and that gap appears to be widening for the first time in two years. On today’s Real Estate Minute, find out why anyone with good credit and enough savings to afford a down payment should be shopping for a home to buy. Be sure subscribe to my YouTube channel for the latest real estate tips and news: http://www.youtube.com/subscription_center?add_user=expertrealestatetips And for more of my real estate and personal finance tips: Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: http://www.facebook.com/ilyceglink Here’s the URL for the Zillow report on rents vs. home values: http://www.zillow.com/blog/rents-vs-homes-values-176508/