Are you going to stay for sometime? If so buying is the way to go! Lowest intrest rates we have ever seen and the resale market is starting to show much promise! In my eyes renting is never a good option unless you surely know that you will have a limited amount of time to be on the job! Buying gives you the option of possibly making money on your resale! No chance with that on renting! I would consider the purchase over renting! It seems we are starting to see an increase in existing home sales. Once this begins the intrest rates may hike and you will still be on the bottom of price and interest rate. That's a win, win situation! Prices will come back and so will rates! Take advantage of what is in the table now!