July data shows buying is a bargain, and renting remains expensive

August 21, 2014

Zillow’s July Real Estate Market Reports found that U.S. home buyers currently expect to pay 15. 3 percent of their incomes for a mortgage of a typical home, while renters today are expected to pay about 29.5 percent of their income for rent. Disparities between homeowners and renters are more magnified than ever, Zillow Blog reports, as a larger proportion of millennials rent compared to Gen X and Boomers when they were their age.

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