Rent-Buy Ratio Turns Against U.S. Homebuilders: Chart of the Day
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Home buying has become more costly than renting in the U.S. and the price gap will widen to 1990s levels during the next two years, according to an analysis by Deutsche Bank AG.
The CHART OF THE DAY shows the rent-buy ratio, or the average rent nationwide as a percentage of mortgage payments after accounting for tax benefits. Deutsche Bank put together the ratio from data compiled by the National Association of Realtors and the REIS information service.