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KREM Local News

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Slumping housing market causing frustration

12:44 PM PDT on Monday, July 21, 2008

KREM.com

SPOKANE-- As the housing market continues to slump many homeowners are facing foreclosure.

Now some people are questions whether it’s better to buy or rent.

KREM 2's Rochelle Ritchie reports

Real estate agents in Spokane say the decision to buy or rent a home all depends on location and what you are looking for.

The cost of homes has not dropped but the number of homes available to buy has risen.

This has given buyers more options and made it more competitive for sellers.

However, some homeowners trying to sell are getting too frustrated to stay on the market, choosing to rent their homes instead.

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