The customer who stopped answering calls about buying a home may still be moving. They may simply be signing a lease instead. Zillow’s September rental report, released October 15, puts typical single family rent at $2,266 a month, compared with a modeled $3,037 monthly payment for a new buyer. That creates a $771 monthly gap, or $9,252 annually. The purchase estimate assumes 10% down and a fixed mortgage lasting 30 years. These are market benchmarks, not quotes for renting and…
MarketMiami
Buyers Aren’t Gone. They’re Renting Houses for $771 Less a Month.
