With the housing market continuing to struggle, more Americans are turning towards renting houses and apartments as a more economically viable option than buying.
According to recently released statistics by the National Association of Realtors, pending home sales rose again in November to reach the highest level in 19 months.
Freddie Mac recently released results from its Primary Mortgage Market Survey, which showed mortgages rates at an all-time record low, keeping home buyer affordability high.