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.
Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
Surf’s Upcycling: Hawai‘i’s Latest Green Building Material is Recycled Surf Boards
“Surf Blocks” are fire-resistant, termite-proof, and close the loop on mountains of waste from the state’s beloved sport.
Building Age-Friendly Homes
Designing for the unique needs of elderly people can help them maintain social connections and mental acuity.
Nightlife and the 15-Minute City
Plans for compact, walkable cities often don’t address nighttime concerns like transportation and lighting, which can make neighborhoods more vibrant and safe around the clock.
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.
Florida Atlantic University
City of Grandview
Harvard GSD Executive Education
UCLA Lewis Center for Regional Policy Studies
City of Piedmont, CA
Great Falls Development Authority, Inc.
NYU Wagner Graduate School of Public Service