Buying Beats Renting in over 80% of all Cities, thanks to falling home prices and rising rents, homebuyers have the upper hand this house-hunting season and need to get off the fence. In nearly all major U.S. cities, it's now cheaper to buy a home than to rent. It only makes sense with home prices nearing a double-dip, low interest rates and more foreclosures expected to flood the housing market over the next two years, the decision between renting and buying a home across most of the country has clearly moved in favor of buying.

Asheville and Waynesville area home prices have dropped 11% from a year ago however much of the drop has come from bank owned, short sales or foreclosures. But home sellers that do not need to sell will continue to hold to their price. This is the time if you are renting to jump off that fence a start saving money and building equity.