Kevin, does your comparison of rents to prices assume that the media home is the same, whether rented or purchased? In my market, the median rent is for a "inferior" home than is used to calculate median price.
Yes. I should be more clear about that in my posts. I use the Zillow estimate of rental values for all homes. Changes over time in rents of rented homes versus owned homes tend to follow similar trends locally.
Kevin, does your comparison of rents to prices assume that the media home is the same, whether rented or purchased? In my market, the median rent is for a "inferior" home than is used to calculate median price.
Yes. I should be more clear about that in my posts. I use the Zillow estimate of rental values for all homes. Changes over time in rents of rented homes versus owned homes tend to follow similar trends locally.