"The still high price-to-rent ratio means that home buyers shouldn’t be in a rush to buy a...

|By:, SA News Editor

"The still high price-to-rent ratio means that home buyers shouldn’t be in a rush to buy a home,"  Moody's Mark Zandi says, "but owning is quickly looking more attractive, and it won’t be long before owning is once again more financially attractive than renting." He expects house prices to stabilize in 2012 while rents will continue to rise strongly.