Posted: 26 Aug 2015 04:00 AM PDT
"Our research found that unaffordable rents are making it hard for people to save for a down payment ... There are good reasons to rent temporarily – when you move to a new city, for example – but from an affordability perspective, rents are crazy right now. If you can possibly come up with a down payment, then it's a good time to buy a home and start putting your money toward a mortgage."
“For some renters there may be a way out: Buy a house. Mortgages remain very affordable.”