House Payments Rise; RealtyTrac released a housing affordability analysis, noting an average 21 percent increase in
monthly house payments from a year ago. A potent combination of rapidly rising home prices and the often-overlooked but significant uptick in interest rates in the second half of 2013 caused the monthly cost of owning a home using traditional financing to jump substantially in many markets over the last year. Despite rising interest rates and increased activity from investors and cash buyers, buying a home is still cheaper than renting in most counties. Will Priceline for landlords determine your next rent?
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