Stacey-Ann's Blog

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Rent Vs Buy? The Answer May Surprise You

 

The Washington, DC metro market is one of those markets where it is cheaper to buy a home than rent.  Home prices have fallen but rentals have continued to rise.  In addition, there a fewer units available for rent which has fueled competition and helped keep rental rates very high.

 

 

 

 

 

 

house with picket fenceDid you know the Trulia rent vs buy index was released yesterday?  It was.  And did you know it is cheaper to buy a home than rent one in 72% of major metropolitan areas around the U.S.?   Apparently, according to Trulia, the increased demand for rental properties is driving down the cost of homeownership nationwide.

The Washington, D.C. Metro area ranked 13 on the list of Top Cities to Buy Vs. Rent. 

Which means it may be the best time in a long time to stop paying your landlords' mortgage and start pocketing some equity and tax benefits for yourself.

Need more convincing?  How about this?  Rents are on the rise and rental inventory is getting more difficult to find. If buying a home fits in your plans, now would be a good time to at least explore the option.

 

Alexandria Median Rent List Price

 

 

 

 

 

If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.

 

Search Homes for Sale

 


Donations made to charity with every successful closing!


Dr. Stacey-Ann Baugh

Century 21 New Millennium

www.LiveinPGCounty.com

staceyannbaugh@gmail.com

240-481-3565 (C)

202-546-0055 (O)

 

FINALLY!  A DOCTOR WHO MAKES HOUSE-CALLS!

 

Information deemed reliable but not guaranteed! 

 

 

 

Comment balloon 2 commentsDr. Stacey-Ann Baugh • January 25 2011 07:52PM

Comments

Stacey-Ann,

Thanks for the re-blog of Suasn's post.  Too often the public thinks the equation should be the other way around.  They eroneously think it too costly to buy.  Wrong.  Hopefully they will get the message from posts like this.

Posted by Mary Yonkers, Erie/PA Real Estate Instructor (Alan Kells School of Real Estate/Howard Hanna Real Estate) almost 8 years ago

Thanks, Stacey-Ann.  It is an important message - not because we are trying to "sell" homes, but because it is often in many people's best interest to go this route.  Thanks for the reblog.

Posted by Susan Haughton, Susan & Mindy Team...Honesty. Integrity. Results. (Long and Foster REALTORS (703) 470-4545) almost 8 years ago

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