The Real Story Beyond The Headlines
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Should you buy or rent a home? The cost gap continues to NARROW..
Thinking of buying a home? Consider the following: The Gap between monthly rents and mortgage payments is the closest/lowest level in roughly 20 years!
In many markets the difference can be less than $100. Recent studies show years of falling home prices and low interest rates have created a buyers market. But short inventory has also made it a bit of a sellers market. I would say, is crazy as this may seem...this inventory level is the closest to Normal as Cali. gets!
Be aware: Tougher lending standards are making it harder and harder to qualify for a home loan, and unemployment is into the double digits now. Tax credits for home buyers expires tomorrow! Interest rates are expected to increase later this year if the economy continues to show small signs of improving.
So get out there and buy that home you have waiting to move on!!
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