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New LendingTree study ranks cities by non-owner occupied mortgage originations. The housing market is characterized by a lack of inventory for both new and existing homes. In the existing market, there is a shortage of current owners willing to sell, a problem that could be exacerbated by rising interest rates.
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This all has an affect on the success of the move, and if you stay there. in Houston and I have a large friend group, to stay put and enjoy.
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If I were to sell and rent, I’d be moving somewhere still in the same town, just 5 miles outside of the most convenient and ideal part for me.. i’d likely be paying the same in rent as in monthly home-related payments, plus maybe an additional $70-100 for pet rent per month, and I wouldn’t be building equity by paying down principal.. all of.
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