A real estate report found that there are only four cities in the U.S. where it makes more sense for residents to rent rather than buy. The foreclosure crisis has made it more practical to buy rather than rent in 72% of America's 50 largest cities.
The report was prepared by the website Trulia. The four expensive cities to purchase a home, in order, are NYC, Seattle and Kansas City, MO and San Francisco tied for third place.
"Trulia's study - which only took into consideration two-bedroom apartments, condominiums and townhouses - used a price-to-rent ratio to calculate its rankings.
Cities with a ratio of 21 or higher were deemed cheaper to rent than to buy.
The study found that San Francisco, with an estimated median home price of $763,000 and an annual rent cost of about $36,000, came in with a price-to-rent ratio of 21, as did Kansas City, Mo. Not surprisingly, New York had the most-expensive real estate and a price-to-rent ratio of 31."
FULL STORY: It’s still rent over buy in San Francisco
Top 5 US Cities for Office-to-Residential Conversions
As more and more cities look to adapt vacant office buildings into homes, a new analysis from Urban Institute says some cities will benefit more than others.
2020 Population Growth Rates for the 50 Biggest U.S. Cities
The Census Bureau released new data on May 27 that includes the first four months of the pandemic. Seattle tops the growth rate at 2.2% from July 1, 2019, to July 1, 2020, while Baltimore and San Francisco land at the bottom with -1.4%.
A Bipartisan Case for Mass Timber—Combating Wildfires and Developing Local Economies
What’s good for our forests and planet can also be good for our jobs, communities, and the economy. That’s why we’re writing this together—an ex-Democratic political operative and an ex-Republican staff member who want to see mass timber flourish.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions