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Bloomberg

Buy-or-Rent Premium Is Highest Since 2006 Housing Bubble

US homeownership costs have surged 71% over the past three years, with the buy-to-rent premium at its highest since 2006, according to the National Multifamily Housing Council.

Monthly payments for a newly purchased home with a 10% down payment and a 30-year fixed rate mortgage were $1,176 more than renting an apartment at the end of 2022.
The buy-to-rent premium hasn’t been this big since 2006, at the peak of the housing bubble.
The premium owners pay over renters is now wider than it’s been since the third quarter of 2006.

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