Attention Renters! What are you waiting for? Not only are mortgage rates near historic lows, but do you know that renters now spend 5% more of their household budgets on housing costs than homeowners do? According to the October 2011 CoreLogic U.S. Housing and Mortgage Trends, renters are spending 38.4% of their household budget on housing costs, while owners are spending 33.2%. And the difference is growing as rents rise. Now's the time to buy!
Renters Outspend Owners on Housing | RealEstateEconomyWatch.com
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