It is easily the question most asked by anyone moving into their first home or downsizing into retirement. Should I buy or should I rent? For nearly a decade the answer has been buy. The crash in home prices, combined with record-low mortgage rates made buying and owning a home both cheaper than renting one and a better investment.
Now, the tide has turned.
Fast-rising home prices and higher mortgage rates have shifted the calculation to rent.
It's better to rent than to buy in today's housing market via CNBC