The Economist speaks!!
Economists always look at the broader economics of the market even if they are concentrating on the micro economic factors.
You will note that significantly that even with the rise in interest rates that the value remains in buying versus renting. In fact, rates would have to rise significantly in all markets.
What is cool is he identifies markets which will have home buying vs renting cutoff at a lower rates and those markets that rates would have to be crazy to make renting cheaper.
Economist Speaks on Value of Buying over Renting