Based on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.

Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion.

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.

If you’re wondering if you should buy now or wait, here’s what you need to know.

When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent.