Buying versus renting

It is cheaper to buy a home than to rent one in 39 of the nation's 50 largest cities.

The median list price with the median rent on two-bedroom apartments, condominiums and town homes listed are close enough that owning makes more sense.

With home prices nearing a double dip and more foreclosures expected to flood the housing market over the next two years, the decision between renting and buying a home across most of the country has clearly moved in favor of buying.

As we head into the summer buying season, those looking to buy a home should be encouraged by improvements in the market and feel optimistic about their chances of finding an affordable home -- much more so than in previous years.

Interest rates is the lowest it's been in DECADES. Not to mention the homes prices and the deals that are to be made in this market. Also considering tax benefits for owning your own home as oppose to renting.