Just today a new financing program launched that provides 3.5% downpayment assistance with an interest rate of only 5.83%. Unless your credit is poor, there's just no reason I can think of not to buy instead of rent. Most of our price ranges and areas are experiencing a buyer's market, so you may have a nice selection from which to choose.
Whatever you decide to do, I wish you luck!
With interest rates as low as they are and the potential $8,000 first-time homebuyers credit available, there isn't a reason I can think of NOT to buy instead of rent right now. If you'd like to talk about your options, please feel free to contact me. No pressure--just information. Good luck!