There's a Housing Crisis in Parts of the United States Many Americans are worried - thinking they can't afford to buy a home. Housing Expert Todd Wiley says they should beef up their credit rating and save a 5% down payment - because a house payment is lower than rent!
With all the crazy changes going on in our housing market - is it still better to buy than rent? For the first time in 2 decades a 30 year fixed mortgage rate rose to over 7%..but..home prices are going down and sellers are more willing to negotiate. But is it still better to buy than rent?