Carla Zeineh and her husband recently discovered that it was cheaper for them to buy a home than to rent one. With a 5% mortgage rate, and 20% down payment, their monthly cost on a $350,000 home would be less than the $1,800 per month they now pay on their rental condo. More and more people are finding that it is now cheaper to own their own homes than it is to rent and are following in Carla's footsteps of embarking on their quest to Home ownership. Using data that measures average home prices and rent payments for 54 metro … (13 comments)
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