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Tuesday, September 18, 2012
Buying beats Renting by 45%
Buying a home is 45% cheaper than renting. Home prices have started to rebound by 2.3% over the last year and rents have risen 4.7%. The prices are lower to buy than it would be to rent. Mortgage rates have fallen in the past year with the interest rate being around 3.5%. Read the entire article here.