I read this great article on AOL real estate! Check it out if you have time, but I'll give a brief synopsis!
It states that, in general, rents keep rising, while home prices inch higher. However, rents are rising faster than home prices. That, coupled with record low mortgage rates, could help make the decision easier for a person on the fence about renting or buying.
Over the last 12 months in the US, rents rose an average of 5.4%, while asking prices for homes rose a small 0.3%. Since his is the 5th month in a row that home prices have increased, the market is showing signs of improvement, but it's a modest rise compared to the rental prices.
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