How "Rent vs. Buy" Shifted in 2023
The only thing worse than a post-pandemic rental market? A post-pandemic buyer\u2019s market. I sat down with Zillow\u2019s Head of Rentals Communication to talk about how the rental market has evolved over the last three years, and the one variable that might just make buying your home right now worth it. Plus, I share the numbers and rationale behind our own decision to continue renting near Sacramento, California.\nWhat are your considerations when picking a place to live? How are you making the rent vs. buy decision in 2023? Email us at moneywithkatie@morningbrew.com.\nTranscripts can be found at podcast.moneywithkatie.com\n\u2014\nMentioned in the Episode\n\nRent vs. Buy in a High Interest Rate Environment: https://podcast.moneywithkatie.com/the-rent-vs-buy-decision-in-2022s-interest-rate-environment-and-lofty-market/\n\n\nHousing Affordability is at an Historic Low: https://thehill.com/business/3881539-housing-affordability-hits-historic-low/\n\n\nAverage Closing Costs, per Rocket Mortgage: https://www.rocketmortgage.com/learn/closing-costs\n\n\nAverage 30-Year Fixed Rate (updated daily): https://www.bankrate.com/mortgages/mortgage-rates/\n\n\n\u2014\n\ufeffFollow Along at Money with Katie: https://moneywithkatie.com/\nWatch on YouTube: https://www.youtube.com/@MoneywithKatie\n\nFollow Money with Katie!\n- Instagram: https://www.instagram.com/moneywithkatie/\n- Twitter: https://twitter.com/moneywithkatie\n\xa0\nSubscribe to The Money with Katie Newsletter\n- Sign up for free today: https://www.morningbrew.com/money-with-katie/subscribe/2\n\nFollow the Brew!\n- Instagram: https://www.instagram.com/morningbrew/\n- Twitter: https://twitter.com/MorningBrew\n- TikTok: https://www.tiktok.com/@morningbrew\nLearn more about your ad choices. Visit megaphone.fm/adchoices