As home prices hit new highs and mortgage rates hover around 7%, homeownership remains out of reach for many Americans. But in some U.S. cities, housing costs are still well below the national average. In this episode of Real Estate News for Investors, Kathy Fettke breaks down the most affordable cities for both buyers and renters in 2024. Discover which cities—like Detroit, Cleveland, and Philadelphia—offer the best deals, where renting is more expensive than buying, and why these undervalued markets could be prime opportunities for real estate investors. Plus, learn how tight inventory and economic growth could impact home values in these areas. 00:00 Where Can You Pay Less than the National Average? 00:28 Cost Burden of Housing 00:50 Undervalued Markets 1:16 Five Affordable Cities 02:24 Renting vs Buying 02:58 What Isn't Factored Into This Report 03:18 For Real Estate Investors 03:52 Inventory
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