FAU: Housing in Buy Territory at 65 Percent

The U.S. is in buy territory, with 65 percent of cities measured in the recent Florida Atlantic University (FAU) and Florida International University (FIU) Buy vs. Rent Index posting more favorable outcomes when buying a home than renting one—implying that homeownership is, on average, a better vehicle for wealth creation. The cities in buy territory include Atlanta, Ga.; Chicago, Ill.; Cleveland, Ohio; Honolulu, Hawaii; Los Angeles, Calif.; Minneapolis, Minn.; Philadelphia, Pa.; and St. L