--- title: Home for the Holidays? Not in this Housing Market. description: "November Chart of the Month: 2023 Thanksgiving Dinner Costs vs. Inflation" image: https://insights.danainvestment.com/hubfs/2023.12%20Dana%20CotM.png --- - [Home](https://www.danainvestment.com/) - About Us - [Who We Are](https://www.danainvestment.com/who-we-are/) - [Who We Serve](https://www.danainvestment.com/who-we-serve/) - [Our Responsibilities](https://www.danainvestment.com/our-responsibilities/) - [Meet The Team](https://www.danainvestment.com/meet-the-team/) - [History](https://www.danainvestment.com/history/) - [Awards](https://www.danainvestment.com/awards/) - Our Services - [Overview](https://www.danainvestment.com/overview/) - [Equity Strategies](https://www.danainvestment.com/strategy-assignment/equity-strategies/) - [Fixed Income Strategies](https://www.danainvestment.com/strategy-assignment/fixed-income-strategies/) - [Wealth Management](https://www.danainvestment.com/strategy-assignment/wealth-management/) - Insights - [The Dana Viewpoint](https://www.danainvestment.com/category/the-dana-viewpoint/) - [News & Updates](https://www.danainvestment.com/content-library-category/news-updates/) - [Content Library](https://www.danainvestment.com/content-library-category/content-library/) - [Resources](https://www.danainvestment.com/resources/) - [Contact](https://www.danainvestment.com/contact/) - [Stay Informed](https://www.danainvestment.com/stay-informed/) [![Dana Investment](https://insights.danainvestment.com/hs-fs/hubfs/raw_assets/public/DanaInvestment_May2023/images/mobile-logo.png?width=300&height=76&name=mobile-logo.png "Dana Investment")](https://www.danainvestment.com/) - About Us - [Who We Are](https://www.danainvestment.com/who-we-are/) - [Who We Serve](https://www.danainvestment.com/who-we-serve/) - [Our Responsibilities](https://www.danainvestment.com/our-responsibilities/) - [Meet The Team](https://www.danainvestment.com/meet-the-team/) - [History](https://www.danainvestment.com/history/) - [Awards](https://www.danainvestment.com/awards/) - Our Services - [Overview](https://www.danainvestment.com/overview/) - [Equity Strategies](https://www.danainvestment.com/strategy-assignment/equity-strategies/) - [Fixed Income Strategies](https://www.danainvestment.com/strategy-assignment/fixed-income-strategies/) - [Wealth Management](https://www.danainvestment.com/strategy-assignment/wealth-management/) - Thought Leadership - [Insights](https://insights.danainvestment.com/blog) - [The Dana Viewpoint](https://www.danainvestment.com/category/the-dana-viewpoint/) - [News & Updates](https://www.danainvestment.com/content-library-category/news-updates/) - [Content Library](https://www.danainvestment.com/content-library-category/content-library/) - [Resources](https://www.danainvestment.com/resources/) - [Contact](https://www.danainvestment.com/contact/) - [Stay Informed](https://www.danainvestment.com/stay-informed/) [![Dana Investment Advisors](https://insights.danainvestment.com/hs-fs/hubfs/raw_assets/public/DanaInvestment_May2023/images/header-logo.png?width=300&height=76&name=header-logo.png "Dana Investment Advisors")](https://www.danainvestment.com/) MENU CLOSE ![](https://insights.danainvestment.com/hubfs/raw_assets/public/DanaInvestment_May2023/images/search-image.png) # Home for the Holidays? Not in this Housing Market. Published on Dec 15, 2023, 3:52:21 PM ![2023.12 Dana CotM](https://insights.danainvestment.com/hs-fs/hubfs/2023.12%20Dana%20CotM.png?width=1444&height=1018&name=2023.12%20Dana%20CotM.png) - If a new home is on your holiday wish list, consider this: It now costs [52%](https://www.wsj.com/finance/home-ownership-mortgage-interest-rates-122a272f) more to buy a home than to rent.   - A home buyer with the median U.S. income would have spent a [record 41%](https://www.redfin.com/news/housing-affordability-at-record-low-2023/) of earnings on monthly housing costs in 2023, compared to 39% in 2022 and 31% in 2021.  - High interest rates are the culprit: 11 rate hikes in more than a year have triggered a substantial jump in mortgage rates, which, in October, reached their [highest level](https://www.reuters.com/markets/us/us-mortgage-rates-soar-highest-more-than-23-years-2023-10-25/) in more than 23 years. (With inflation cooling somewhat, they’ve recently moved lower.)  - Home ownership might be part of the American Dream, but in the current market, choosing to rent makes more financial sense. Another benefit of renting? Leaky faucets are the landlord’s problem, not yours. Tags: [Chart of the Month](https://insights.danainvestment.com/chart-of-the-month/tag/chart-of-the-month) [Back to Blog](https://insights.danainvestment.com/chart-of-the-month) - [Tweet](https://twitter.com/share) ## Related Articles ## [Give Thanks. But Not for High Turkey Prices.](https://insights.danainvestment.com/chart-of-the-month/give-thanks.-but-not-for-high-turkey-prices) Turkey prices rose to new highs recently while wholesale chicken prices are down 35% year-on-year [Read More](https://insights.danainvestment.com/chart-of-the-month/give-thanks.-but-not-for-high-turkey-prices) ## [Resisting the Urge to React When Headlines Wreak Havoc](https://insights.danainvestment.com/chart-of-the-month/resisting-the-urge-to-react-when-headlines-wreak-havoc) Financial markets enjoyed broad gains during the first quarter of 2023 — but not without... [Read More](https://insights.danainvestment.com/chart-of-the-month/resisting-the-urge-to-react-when-headlines-wreak-havoc) ## [Are commodity traders signaling that a recession is in the cards?](https://insights.danainvestment.com/chart-of-the-month/october-2022) The Fed issued a widely anticipated 0.75 percentage point rate hike in September Markets reacted... 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