The Hughes Team

With home prices in some areas dropping, minimal interest rates and the cost of rental properties on the rise, now may be the time for renters to seriously consider buying a home. A recent study by Deutsche Bank reported the share of income Americans are now paying to their own homes is 9.8% after mortgage, taxes and insurance payments, down from 17.2% at the housing bubble peak. The study further says that in 28 out of the country's 54 major markets, it is now less expensive to pay a mortgage and other major housing costs than to rent the same house.

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