The U.S. housing market is challenging for both first-time homebuyers and landlords. Buying a home is now significantly more expensive than renting, with new mortgage payments 52% higher than average rent, the largest gap since 1996. High mortgage rates and house prices, exacerbated by the pandemic, make it hard for renters to afford a home. Despite this, landlords aren’t gaining much advantage due to an oversupply of rental apartments and decreased tenant demand, leading to higher vacancy rates and potential impacts on investors.

https://www.wsj.com/economy/housing/theres-never-been-a-worse-time-to-buy-instead-of-rent-bd3e80d9