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Gap Narrows Between Mortgage Payments, Rents

Housing slump prompts shift

By Matt Cantor, Newser Staff

Posted Feb 25, 2009 8:22 AM CST

(Newser) – During the housing boom, mortgage payments held steady, consistently topping rent levels; now, with the market cratering, they’re returning to historical levels, the Wall Street Journal reports. After-tax mortgage payments averaged about 26% more than rent over the past 18 years; during the boom... Read full story »

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Gap Narrows Between Mortgage Payments, Rents

Housing slump prompts shift

housing market • mortgage • rent • home prices • housing crisis • financial crisis

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More Newser Stories

Housing Market Woes Hit Home for Geithner

Treasury secretary can't sell, stuck renting out his NY home

Given Rent Prices, Homes Still Too High

Expect another 15% drop if historical relationship holds

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

Ex-Banker: Yeah, Collapse Was Our Fault

So why haven't homeowners been bailed out?

11.1M Households Underwater

Number jumps to 23.1% at end of 2010, more likely on way

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