May 13, 2011

These Days, Buying Wins

For the first time in years, buying a home may beat renting.

Two factors are at play - first, rents are expected to head higher as more people bitten by the housing bust turn to renting. Rents could rise 7% in each of the next two years. Second, home prices have finally dropped enough to create a buying opportunity. Nationally, prices are down 32% from their peak set in 2006.

Read full article from
CNNmoney.com

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