Renting vs. buying a home in Fresno

June 4, 2010 12:00:00 AM PDT
A new report shows Fresno is ranked fourth in a list of U.S. cities where it is cheaper to buy a home than rent one. The low home prices are due in part to the foreclosure crisis. According to CoreLogic Fresno's foreclosure rate was 3.29% in April down slightly from a year ago.