March 29, 2024

Renting vs. Buying - Suburbs vs. Downtown

1 hour 3 minutes

Costs for homebuyers have been growing at more than twice the rate as rentals, making renting a more affordable option. Buoyed by recent data on apartment fundamentals multifamily investors are re-entering the market, undaunted by persistent high interest rates, last year's sluggish rent growth, and projections of elevated supply through the end of 2024.

Sources discussed in this episode:

Realtor.com: “February 2024 Rental Report: Renting a starter home is more affordable than buying one in all 50 metros” - https://www.realtor.com/research/february-2024-rent/

CBRE: “Assessing Investor Sentiment: A Window Of Opportunity” - https://www.cbre.com/insights/articles/cmc-episode-4-investor-sentiment

Moody’s Analytics: “This Time is Different: A Counter to the Urban Doom Loop Narrative” - https://cre.moodysanalytics.com/insights/market-insights/this-time-is-different-a-counter-to-the-urban-doom-loop-narrative/

Harvard Joint Center for Housing Studies: “After Leading a Back to the City Movement, Many Millennials Moved to the Suburbs” - https://www.jchs.harvard.edu/blog/after-leading-back-city-movement-many-millennials-moved-suburbs

Gray Report Commentary: “Rent a Starter Home More Affordable Than Buying” - https://www.graycapitalllc.com/gray-report-commentary-march-29-2024/

For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠

Learn more about Gray Capital's latest multifamily investment offering for accredited investors: https://www.graycapitalllc.com/new-offering/

DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

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By Spencer Gray

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