National Data - Price-to-Rent Report - August Data
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It is the change in the price-to-rent ratio through time relative to the local market’s historic average that matters. Ratios above the historic average suggest renting is generally preferred, while ratios below the historic average suggest a preference for ownership. Additionally, the distance between price-to-rent scores and the local average also matters. The greater the distance above an area’s average price-to-rent ratio, the more that market favors renting. The greater the distance below an area’s average price-to-rent ratio, the more that market favors ownership.