The Latest Trends in Housing: Why Renting Is Gaining Momentum

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 8 May 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Explore key insights into the current real estate market as the Nerds unpack the results of the 2024 Home Buyer Report. Should you rent or own your home? Hosts Sean Pyles and Anna Helhoski explore the financial and lifestyle implications of each choice, drawing insights from a recent NerdWallet survey and a firsthand account from fellow Nerd Elizabeth Renter, who transitioned from homeownership to renting. From rising home prices and mortgage rates to the hidden costs of homeownership, this episode uncovers the reasons why renting might be a less stressful option in today’s market. Listeners will gain a deeper understanding of the nuanced considerations involved in deciding between renting and owning, along with actionable advice for managing the financial impact of each choice. Later in the episode, Sean and Anna discuss the latest money headlines, including insights into April’s job numbers, updates on Social Security’s financial outlook, and an intriguing ballot measure in California aimed at improving financial literacy through high school education. In their conversation, the Nerds discuss: renting vs owning, homeownership, renting, home buying, money headlines, real estate market, property ownership, rental costs, home prices, mortgage rates, renting benefits, homeownership advantages, rental market trends, buying a house, renting tips, home affordability, renter demographics, owning a home, renting statistics, property investments, housing market analysis, cost of homeownership, real estate investments, renting lifestyle, home equity, home maintenance, property taxes, renting flexibility, housing affordability, home value appreciation, rental market data, homeownership myths, rental agreements, home repairs, mortgage affordability, housing expenses, rental income, and home ownership challenges. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:31.2	Welcome to NerdWallet's Smart Money Podcast.
0:33.9	I'm Sean Piles.
0:35.0	And I'm Anna Hilhouski.
0:36.6	And this is our weekly money news roundup,
0:38.8	where we break down the latest in the world of finance to help you be smarter with your money.
0:42.6	We'll go deep into a single topic and then leave you with the latest money headlines.
0:46.4	Today, we're talking about the roof over your head. Anna, I believe you and I represent the
0:50.9	spectrum of how people pay for that roof. Yep, you own I rent in New York
0:55.3	City, which means I'm unlikely to ever own, but I think we're both pretty happy with our choices,
1:00.6	Sean. Indeed, we are. And that's what we're going to talk about today, home ownership versus
1:05.0	renting. Now, the ethos in America is that if you're renting, you're throwing away money. And
1:10.5	homeownership is part of the vaunted American dream, right?
	...

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