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 Right now, in more than a third of the country, you can save money by building instead of buying. Leszek Glasner / Shutterstock.com

Buying a home is especially daunting right now, with interest for an average 30-year fixed-rate mortgage topping 7% as of the start of the month. As the Federal Reserve continues to battle inflation, more increases are likely on the way. For those ready to own but not ready to pay the going rate in this overcharged economy, one option is to buy land instead — then build your own home.

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