U.S. renters look for last-gasp window to buy

People trying to escape soaring rents in U.S. cities face a cruel reality: home prices are going up, too. Still, many potential homeowners are finding that as expensive as it is to buy a house, now may be the last opportunity before mortgage rates start to rise. Buying a home is more affordable than renting in only nine of 39 major metropolitan areas, according to research firm ATTOM Data Solutions: Dallas, Miami, San Antonio, Detroit, Philadelphia, Tampa-St. Petersburg, Cleveland, Pittsburgh and St. Louis.


Source: Reuters