Courtesy of Banker & Tradesman.
A new report from real estate portal Zillow finds that buying is still marginally more affordable than renting in Greater Boston, if only because while home prices have risen, rents have skyrocketed.
Nationally, U.S. home values rose 6.5 percent year-over-year in July, according to the July Zillow Real Estate Market Reports, while national rents rose 2.8 percent over the same period. In the Boston area, however, median home prices were up 6.1 percent year over year, while rent prices were up 4.8 percent, to an average of $2,091 per month.
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