3min chapter

Money For the Rest of Us cover image

Is It Better to Rent or Buy a Home?

Money For the Rest of Us

CHAPTER

The Long-Term Trends in Home Prices

The US home vacancy rate is 0.6% the lowest since records began back in 1965. Many homeowners don't want to sell because they've locked in a mortgage rate under 4%. One reason and a primary reason there aren't enough homes are zoning restrictions. The countries that have a much greater supply of homes per inhabitant is France, Italy, Portugal, and Finland.

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