The debate over whether it’s cheaper to rent or buy a house is complicated (where you buy, down payment, size of house, etc). But looking at median prices across the nation and current insanely low mortgage rates can make now look like the best time in a while to buy. Read the comment thread on the linked blog if you want more nuance.
If you want even more nuance, particularly if you’re buying a house as an investment, I recommend Barry Ritholtz’s 5 part article Debunking the Housing Recovery Story.
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