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- The cost of buying a home versus renting is at its most extreme level in decades, the Wall Street Journal reported.
- The average new monthly mortgage payment is 52% higher than the average apartment rent, CBRE data shows.
- That's well above the pre-housing crash level of 33% in 2006.
The premium for buying a home versus renting has it hit extreme levels, as soaring mortgage rates have exacerbated a historically unaffordable housing market.