Owning Continues to Become More Affordable

Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting. Low home prices mixed with low mortgage rates—hovering at 4 percent or even lower—are creating an appealing buyer’s market. Home ownership is also looking more affordable because after several years of declines, apartment rents are on the rise, and is projected to rise by around 4% this year. Great article with videos and interactive graphics: Click Here