"US Homebuyers: Where to Find Affordable Housing Markets"
TL;DR Summary
According to a report by Redfin, Philadelphia is one of only four major metropolitan areas in the US where it is cheaper to buy a home than rent one. The report attributes this to "stagnant" home values in the city, which has left home prices slightly more affordable than other places. However, the report does not address the challenge of coming up with enough money for a downpayment amid high inflation and an economy that could be headed for a recession.
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