Rising Rents Make Home Buying a Better Choice

Housing affordability has been pushed to a 40-year high thanks to fallen home prices and record-low mortgage rates have.  Meanwhile, rental prices are continuing to rise at a fast pace.  Rental prices in 20 of the largest metro areas increased 3.75% in 2011, and prices are expected to continue to rise in 2012, according to a new report released by Hotpads.com, a rental listing service.  Meanwhile, home prices fell by 1.83% in 2011.  Read article:

http://realtormag.realtor.org/daily-news/2012/01/20/rising-rents-make-home-buying-better-choice

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