Is It Better to Buy a Home or to Rent?

Logan and Melissa Summers have two children, a dual income and good credit. They used to have a 30-year fixed mortgage, but two years ago, they sold their house in suburban Detroit and became renters. "It definitely gives us the flexibility to look at homes and live in them if we are actually considering buying a house," said Logan. But buying a home is far from their minds right now. With Detroit-area home prices at a 12-year low, plunging more than 21 percent in the past year, they say...Full Story
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