In an article from this past weekend's Washington Post, Danielle Douglas explores the age old question of renting or buying for young professionals.
With historically low mortgage rates (dipping below 4% for the first time EVER this month), depressed home values (bubble burst in '07), and signs of the real estate market stabalizing in the stronger areas of the Richmond market (2011-12), could their be a better time to buy?
"A new analysis by research firm Capital Economics this week found that U.S. median mortgage payments have reached the same price as median rental payments."
If you are interested in exploring the option to rent or buy, I can research homes on the market that fit your criteria and I can also put you in touch with a leading mortgage expert to discuss the financing piece with you. I am happy to help in any capacity and would be honored to assist you!
http://www.washingtonpost.com/realestate/young-professionals-contemplate-the-rent-vs-buy-debate/2011/10/02/gIQA6eqzjL_story.html
0 comments:
Post a Comment