We have talked about this before. Here is the most recent information if you are currently renting and trying to decide if it time to buy a home or not.
Some Highlights:
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Historically, the choice between renting or buying a home has been a tough decision.
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Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.
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Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
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