Markets

Housing Starts Up: Should You Buy Or Rent?

Updated on: October 19, 2010 / 9:01 AM EDT / MoneyWatch

This morning, the Census Bureau reported that housing starts were up 0.3 percent in September to a seasonally adjusted annual rate of 610,000. The news follows yesterday's report that homebuilder confidence rose to the highest level in four months in October, but still remains at a historically low level.

As the housing market grinds sideways, many are tempted to jump into the housing market, but it's not right for everyone. I discussed whether you should you buy or rent with CBS3.

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

Twitter

More from CBS News