Home Prices Rise Three Times Faster than Rents
News Corporation - Class A (NWSA)
Last news corporation - class a earnings: 2/6 04:45 pm
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Source: PR Newswire
SANTA CLARA, Calif., Aug. 30, 2018 /PRNewswire/ -- As home prices rise across the U.S., choosing to rent has become increasingly popular. New analysis by realtor.com® reveals the monthly costs of buying a home have risen by 14 percent over the past year. This is more than three times the 4 percent increase in monthly rental costs. Additionally, this analysis found that the number of places where it is cheaper to buy has significantly declined in the past year. "Even setting aside big upfront expenses like a down payment, rising month-by-month costs are likely keeping many people from purchasing," said Danielle Hale, chief economist at realtor.com®. "Today only 41 percent of people live in a county where the median income family can afford to buy a home at the median list price, and affordability declined significantly over the past year. Since home ownership has historically been an important source of household wealth creation, it could be problematic if this t
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NWSA
Earnings
- 2/7/24 - Beat
NWSA
Sec Filings
- 4/19/24 - Form 8-K
- 4/18/24 - Form 8-K
- 4/17/24 - Form 8-K
- NWSA's page on the SEC website