");vwo_$('head').append(_vwo_sel);return vwo_$('head')[0] && vwo_$('head')[0].lastChild;})("HEAD")}}, R_940895_48_1_2_0:{ fn:function(log,nonce=''){return (function(x) {
if(!vwo_$.fn.vwoRevertHtml){
return;
};
var ctx=vwo_$(x),el;
/*vwo_debug log("Revert","content",""); vwo_debug*/;
el=vwo_$('[vwo-element-id="1742919897117"]');
el.revertContentOp().remove();})("HEAD")}}, C_940895_48_1_2_1:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x);
/*vwo_debug log("editElement",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")).html("Hello! David Brancaccio here. Do you want instant access to the free online course - “Economics 101” - to understand basic economic concepts?");})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")}}, R_940895_48_1_2_1:{ fn:function(log,nonce=''){return (function(x) {
if(!vwo_$.fn.vwoRevertHtml){
return;
};
var el,ctx=vwo_$(x);
/*vwo_debug log("Revert","editElement",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")).vwoRevertHtml();})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")}}, C_940895_48_1_2_2:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x);
/*vwo_debug log("content","[vwo-element-id='1742482566780']"); vwo_debug*/(el=vwo_$("[vwo-element-id='1742482566780']")).replaceWith2("You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.
Whether you're new to economics or just want to deepen your understanding, this course covers the basics and connects them to today’s pressing issues—from inequality to public policy decisions.
Each week, you'll receive a reading guide that distills core principles, offers actionable takeaways, and explains how they affect the current world. While the full ebook enriches the experience, the guides alone provide a comprehensive understanding of fundamental economic ideas.
While it may not make the most financial sense to purchase a home, there's an emotional component to homeownership, said Northeastern University's Andrés Shahidinejad. Justin Sullivan/Getty Images
Buying a house today is often more expensive than renting. Is it still worth it?
While it may not make the most financial sense to purchase a home, there's an emotional component to homeownership, said Northeastern University's Andrés Shahidinejad. Justin Sullivan/Getty Images
New data out from real estate firm CBRE shows that the average monthly mortgage payment — if you’re buying a home today — is about 75% higher than it would have been in 2019.
Nationally, new monthly mortgage payments are now about 35% more expensive than renting. And in some cities, like LA, Austin, Salt Lake, and Seattle, it’s about 140% to 160% more expensive to own now.
Owning a home has long been a central part of the “American Dream.” “For many Americans — especially middle- and lower-income Americans — that’s kind of the primary way that a lot of folks build wealth,” said Chris Salviati, a senior housing economist at Apartment List.
These days, for those who don’t own yet, “that math has kind of changed a little bit,” he noted.
All of the components of homeownership have gotten more expensive. That includes home prices and interest rates, which are the main things people tend to think of, per Jenny Schuetz at Arnold Ventures.
“The other two pieces that we don’t think about as often are property taxes and insurance,” she said. And those have both risen, too.
Insurance has historically been a small fraction of most people’s monthly payment. “But in the last several years, as natural disasters become more costly and more frequent, we’re also seeing rates go up,” Schuetz said.
Given all that, Andrés Shahidinejad, an assistant professor of finance and economics at Northeastern University, said that if you’re weighing renting versus buying today and just thinking about the math, “I think everyone should be leaning a little bit more than they were before in the direction of renting.”
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.