What happened to the neighborhood restaurant? It seems now more than ever your favorite go-to has shuttered, leaving you on a hunt for a new regular spot yet again. With neighborhood favorites who bank on their loyal customer base closing, perhaps newcomers can figure out the right recipe to success.
Because mortgage rates are still near long-term lows, and because prices fell so much after the housing bubble burst and remain low relative to rents even after recent price increases, buying is still much cheaper than renting. That means that the recent jump in rates doesn't change the rent-versus-buy math much.