Are you confused about renting vs. buying in the Washington DC area? Then, you are probably not alone. While there are many factors that determine whether renting vs. buying would be right for you, it’s pretty clear in this area. A recent article by Trulia looks at the most important factors that affect the cost of homeownership. Because of the low interest rates and the rising prices of home sales, the author concludes that “it is more affordable to buy than to rent in ALL of the 100 largest metros in the U.S.”
Read the article here. If you are a renter, let me know what keeps you renting (vs. buying) in this real estate market. I’d love to hear your thoughts.