Renting Versus Owning

More consumers are starting to ask themselves-"Why rent when you can buy?"

The Associated Press looked at mortgage payments for median priced homes in 45 metro areas.

They're within about $220 of the median rent price, and in some cities the gap is even smaller, about a hundred dollars.

That's close enough for many people to choose buying instead of renting, leading to hope for a turnaround in the housing market.


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