Buying Beats Renting in 22 Major U.S. Cities

For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes.

If you’re looking to break into homeownership but the price of single-family homes has you second-guessing, you might want to consider a condominium (condo) or townhome.

Based on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.