Wednesday, June 29, 2011

Volatile rental market could make, break homeownership plans

Right now, home prices continue to fall, but rents are on the rise and if you don’t know when to change horses — or don’t have the option — you could find yourself in the middle of the stream.

by Broderick Perkins
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Deadline Newsroom - Volatile Rental Market Could Make, Break Homeownership Plans

The rent-vs-buy decision is more than a calculated comparison of financial costs.

It's also about timing.

Right now, home prices continue to fall, but rents are on the rise and if you don't know when to change horses -- or don't have the option -- you could find yourself in the middle of the stream.

The housing bust and subsequent economic downturn forced many homeowners to retreat to the rental market. For others, falling home prices prompted them to put off homeownership longer than expected.

Early into the bust, high rental vacancies made for cheaper rents and renting became an overnight sensation.

But that's changing just as quickly as skyrocketing home prices plummeted back down to earth.

Read full story: "Volatile Rental Market Could Make, Break Homeownership Plans"
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Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

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