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Jan 20, 2023

For most, owning a place is now pricier than renting

A big swing in the housing market occurred over the last year: for the vast majority of people, it’s now cheaper to rent a place than to own it. According to a new report, that’s in big part due to rising mortgage rates, which have risen in tandem with the Fed’s rate hikes. Netflix’s CEO, Reed Hastings, is stepping down — he helped transform the company from a mail-order DVD service to a streaming behemoth. Christopher Low helps break down what’s behind the recent strength of bond yields. And, the Sundance Film Festival is back in person after two years of being virtual because of the pandemic.

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Rick Sharga with Attom Data Solutions said he expects to see less house flipping because it's becoming less profitable.
Stefani Reynolds/AFP via Getty Images

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Segments From This Episode

Netflix CEO and co-founder resigns
Marketplace’s Nova Safo reports.
What's behind the strength of the bond market?
FHN Financial Chief Economist Christopher Low breaks it down.
Renting is now cheaper than owning in most of the country
by Samantha Fields
Frederic J. Brown/AFP via Getty Images
A new report from ATTOM says it’s now cheaper to rent than own a place in most parts of the country.
With the Sundance Festival finally back in person, filmmakers have high hopes for distribution deals
by Stephanie Hughes
Vivien Killilea/Getty Images
The majority of films debuting at Sundance are still in need of wide distribution. Some believe having the festival in person for the first time since 2020 will help.