Those debating whether to buy a home or rent would actually be better off financially to purchase, according to new research from Deutsche Bank.
Their data, as reported by the Huffington Post, shows that at the end of 2011, renting cost approximately 15 percent more than buying. In the past, renting has consistently been about 10 percent cheaper than buying.
In the housing market’s current state, however — with home prices falling and rental rates going up — rental space is at a premium. In fact, vacancies are currently at their lowest level in 10 years.
