I am not sure what your situation is but, you can actually buy a home for less than you can rent now.
If you are a New Home owner (not owned a primary residence in the last 3 years), then you are also able to get a tax credit/check for 10% or up to $8,000.00 on a new home purchase.
We have some great programs and rates are excellent right now.
Give me a call if you have any questions.
Depending on where you are looking, even if you have had Bankruputcy, Foreclosure, etc. you can still get into a home.