Feedback at 5:00- Do You Buy or Rent? - Northern Michigan's News Leader

Feedback at 5:00- Do You Buy or Rent?

Posted: Updated:

For many, it's the biggest expense every month -- a mortgage or rent payment.

And rents just posted their biggest jump in four years.

Still, rental vacancies are dropping.

One reason is that younger people, many who moved back home during the recession, are moving out and into their own places.

According to Trulia, in 98 of the top 100 housing markets, buying a home is more affordable than renting, in part because of record mortgage rates.

Did you buy your home, or rent? Why? Share with us your housing situation for tonight's "Feedback at 5:00" tune in to 9&10 News at 5:00 to see if your comments make it on air!

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Amazing Northern Michigan Homes: Portage Lake

    Amazing Northern Michigan Homes: Portage Lake

    Thursday, April 17 2014 5:28 PM EDT2014-04-17 21:28:40 GMT
    This home was originally built for a lumber manufacturer and his family to use for the summer residence more than 100 years ago. Today, the home has been completely renovated and insulated, but still
    This home was originally built for a lumber manufacturer and his family to use for the summer residence more than 100 years ago. Today, the home has been completely renovated and insulated, but still
  • Doctor Accused Of Several Sex Crimes In Emmet County

    Doctor Accused Of Several Sex Crimes In Emmet County

    Friday, April 18 2014 6:10 PM EDT2014-04-18 22:10:28 GMT
    An Emmet County doctor accused of inappropriate relationships with patients faces multiple sex crime charges. The sheriff's department investigated allegations against Richard Ferguson of Harbor Springs,
    An Emmet County doctor accused of inappropriate relationships with patients faces multiple sex crime charges. The sheriff's department investigated allegations against Richard Ferguson of Harbor Springs,
  • Roads Closed Across Northern Michigan

    Roads Closed Across Northern Michigan

    Friday, April 18 2014 2:58 PM EDT2014-04-18 18:58:31 GMT
    The spring storms have caused problems for drivers. Below is a list of roads closed around Northern Michigan. Some closed roads may not be included on this list, so please drive with caution. Road conditions
    The spring storms have caused problems for drivers. Below is a list of roads closed around Northern Michigan. Some closed roads may not be included on this list, so please drive with caution. Road conditions