Core Insights - The ongoing debate about whether owning or renting a home is cheaper is influenced by various financial factors, including the hierarchy of needs and the costs associated with both options [1][2] Group 1: Renting Trends - National rent prices have decreased by 1.1% year-over-year, attributed to easing supply and demand dynamics and rising vacancy rates, which favor renters [4] - Despite the current decrease, national average rent is projected to increase in 2026, with current averages at approximately $1,631 for a one-bedroom apartment and $1,887 for a two-bedroom apartment [5] Group 2: Home Buying Trends - Existing home sales are expected to see a significant increase, with forecasts suggesting a double-digit percentage rise, indicating a potential strain on savings for buyers [6] - Home prices are anticipated to continue rising, albeit at a more moderate pace, with the National Association of Realtors predicting a national price increase of about 4% [6] - Mortgage interest rates in the U.S. are projected to decline to around 6% in 2026, down from an average of 6.7% in 2025, which may alleviate some financial burdens for homebuyers [7]