Buying Is Better Than Renting in Most Markets!

Buying a home is more affordable than renting one in 66 percent of housing markets in the U.S., with Cook County, Ill., Maricopa County, Ariz. and Miami-Dade County, Fla. among those with the highest buy affordability, according to ATTOM Data Solutions’ 2017 Rental Affordability Report. Renting a home, to compare, is more affordable than buying one in 34 percent of markets, with Dallas County, Texas, Kings County, N.Y. and Santa Clara County, Calif. among those with the highest rent affordability.

Predominantly impacting affordability are stagnant wages, which have lagged at a growth rate of 2.2 percent since one year ago, compared to home prices, up 5.7 percent, and rents, up 4.2 percent.

Rising mortgage rates, according to ATTOM Senior Vice President Daren Blomquist, could deal another blow to affordability. Average rates, which retreated since charging forward following the election, are currently above 4 percent.

Guy Arnone

Guy Arnone is a California Licensed Real Estate Broker who belongs to a select group of individuals approved by the California Real Estate Commissioner to perform a special dual service in the real estate industry.


Guy started the Fred Sands of Valencia with five agents. By the time he sold/merged the office in 2009 to Coldwell Banker, Vintage Sotheby’s International Realty office (formerly Fred Sands) had over 150 agents in his organization. His company included mortgage,escrow, commercial and property management divisions and had grown to  be ranked the #3 office in their marketplace.


Licensed by the California Bureau of Real Estate since 1986, Guy has been serving Southern California real estate needs for nearly over 30 years. From representing principals in all facets of real estate brokerage, financing, property management, development, and real estate investing to developing, growing and managing real estate companies.


Guy continues to rank among the top 10% Nationwide of all real estate professionals of transactions of residential, luxury, commercial and multi-residential real estate.


Guy has and continues to serve on many advisory boards including, Women with Vision, Title IX, The Northridge Hospital Foundation, We Are the World Real Estate, Children’s Hunger Fund and The Springbrook Foundation. He enjoys Sports, Art, Travel, History, Reading, Music, and spending time with friends and family. Guy has been married for over 26 years and has three children.