The housing crunch and the excessive inventory–exceeding 10 months on resale homes–continues to take its toll on housing prices. But over the long term, housing is still a good investment. In fact, it’s more than an investment; it’s a home. Plus, you’re not really saving anything by renting, as the costs of renting and owning are about equal (well, owning may be a little more). The tax benefits of home ownership far outweigh renting, too. With good housing prices in many great areas, this may indeed be the time to buy.

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