More Renters Are Finding It's Cheaper to Buy

SUMMERFIELD in PEQUEA TOWNSHIP - Starting in the mid $100's

With rising rents, more renters are being swayed into home ownership, even in pricey housing markets like New York.
For example, one New York renter said he started looking into owning a home when his landlord tried to increase his rent by 13 percent when his lease was up for renewal. He found that he could buy a home and get the same amount of space for cheaper than continuing to rent, plus he’d be building equity.
Other renters are starting to see that buying may be a better option for them, too. READ MORE
Daily Real Estate News | Monday, May 14, 2012