According to the Trulia latest rent-vs.-buy index, it depends from market to market whether you should buy, or rent a house or condo.
Trulia calculated the price-to-rent ratio for each market.
It shows that in some cities, it is cheaper to rent real estate than to actually own it. Those cities have a lower unemployment rate, or avoided the housing bubble.
Although there are signs that the house prices reached the bottom, Alex Barron expects that the prices of real estate will decline by another 10 to 30 percent. He speculates that when the mortgage rates incease, home prices will nose dive.Kwinten Derave
http://www.time.com/time/business/article/0,8599,2024445,00.html
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