The New York Times did an interesting story on the question of whether it’s better to rent or buy a home now, given the beating that house prices have gone through in the last 18+ months.
The article includes extensive analysis, it seems, including a city-by-city rating of those markets in which you’re better off buying, those you’re better off renting. Memphis is included, and is scored as what I’d call a 50/50 market — neither renting nor buying is high risk. Which would seem like a good thing to me, reflecting the fact that home prices are neither too high or too low.
There’s also a nifty rent vs. buy calculator. I love online calculators.