CNN Money gives a pretty clear answer to the eternal question in real estate, Should I buy or rent? "The answer has never been clearer: Buy" CNN Money advises. In 98 of the top 100 housing markets, buying a home is more affordable than renting, according to the huge online real estate company Trulia. Only Honolulu and San Francisco buck the trend.
CNN Money repeated the 3 main reasons that make it a logically excellent time to buy now (which I have been saying for a while!):
- The low home prices are falling
- Mortgage interest rates are at historically low levels
- Rising rents
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