"Affordable Homeownership: Top US Cities to Buy Instead of Rent"

In Philadelphia, Detroit, Cleveland, and Houston, it is cheaper to buy a home than to rent one, according to a new analysis by Redfin. In these four cities, mortgage payments are less than rent, which is a rarity as most homes in the US cost 25% more to buy than rent. However, the reason for lower home values in these cities is partially due to stagnant markets, resulting in less equity building for buyers compared to hotter real estate markets.