Date of Award


Degree Type

Honors College Thesis


Finance, Real Estate, and Business Law

First Advisor

Kimberly Goodwin, Ph.D.

Advisor Department

Finance, Real Estate, and Business Law


The cost of housing is one of the biggest recurring expenses Americans face. Real estate is also one of the largest asset classes of investments today. The decision of whether or not it is the right time to purchase a piece of residential real estate can be difficult for the everyday person as well as professionals. With the recent downturn of 2008, many people are reminded that the price of houses can spiral upward, and if one bought at the wrong time, their house could lose a tremendous portion of its value. This study focuses on looking at different economic measures and finding relationships between them and the cost of renting vs buying. The results of this study will hopefully help investors decide if market prices are too high based upon multiple factors.