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Great Article on Renting vs. Owning! What is the best option for you?
Here are some facts that can help those who can buy understand why NOW is a great time to buy a home.
1. The Housing Affordability Index hit an all time high in December 2008. This means owning a home is more affordable now than at any other time since the index began in 1971.
2. Fixed Rate Mortgages hit a 50 year low in March of 2009.
3. Federal Tax Credits to home buyers are unprecedented. $8000/yr to FTB and through 04/30/10.
according to the Mairs Group Article