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With Interest Rates on the Rise it is Now More Expensive to Own than to Rent

If you have ever wondered whether it is cheaper to own or rent, Redfin may have just the tool for you. In a recent inversion from previous norms, in the Minneapolis Metro, accounting for all housing types, it has become more expensive to own a home then it is to rent something similar. This is common across the United States as high home prices are coupled with rising interest rates.

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