In a growing number of U.S. cities, including the Twin Cities, it's becoming cheaper to own than to rent a house, according to a quarterly survey by Marcus and Millichap for the Wall Street Journal. That's because rent prices are rising, home prices are falling and record-low mortgage interest rates mean cheaper mortgage payments. Check out this interactive graphic and get more details about where it's cheaper to buy and how the Twin Cities compares to other markets.
Have you decided to stop renting in favor of buying a house for economic reasons? Send me a note: jim.buchta@startribune.com.
