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The Wall Street Journal: Making a New Case for Home Buying

As another year of the housing downturn ends, some are wondering if it finally is more advantageous to buy instead of rent, given discounted home prices and mortgage rates near historical lows.

November 27, 2011

...The case for buying a home is getting more compelling for many, according to the report, especially as monthly mortgage payments become more competitive with rental payments.

Here are six considerations for those weighing a decision to buy or rent...

2. Consider additional costs

Remember, if you choose to buy a home, your mortgage payment may be the biggest cost each month—but it's not the only one.

There are insurance and taxes to pay, as well as regular maintenance costs, says Richard Green, director of the University of Southern California's Lusk Center for Real Estate...

To read the entire article, click the link below.

Link: The Wall Street Journal | MarketWatch