Gap Between Owning and Renting is Lowest in 20 Years!

You heard right. According to the Associate Press, the gap between month rents and mortgage payments is at its lowest level since 1990. In some markets, the difference is less than $100 per month.

According to a study by Marcus & Millichap Real Estate Investment Services, the narrowing in the gap is attributed to years of falling home prices and low interest rates. It's the ultimate buyer's market!