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 Real Estate Blog 
Monday, September 08 2014

There is a lot of debate about whether to buy a home or rent one.  No matter
how you look at this issue it always makes sense to own verse rent. 
The only exception is if you are only planning to live in the area for
two years or less.

In Trulia's 2014 Rent vs. Buy Report, they explained that homeownership
remains cheaper than renting throughout the 100 largest metro areas in the
United States; ranging from an average of 5% in Honolulu, all the way to
66% in Detroit, and 38% Nationwide!

If you look at the Trulia report you will see that home maintenance is
included in the comparison.  The fundamentals of the report show that the
monthly cost of a mortgage is lower than that of rent, rent increases
faster than inflation while mortgage costs remain the same for the
duration of a loan (fixed rate loan) and home owners get tax breaks which
reduce the cost of owning.

The housing market is changing and it is expected that interest rates and
home prices will continue to rise throughout the foreseeable future which
might someday make renting a better choice.  But for today, it's better to
own than rent.

Read more....

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Posted by: Marilee Murphy AT 07:10 am   |  Permalink   |  Email

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Marilee Murphy Associate Broker, CRS, GRI, ABR, e-Pro
REALTOR®
Long & Foster REALTORS®

Long & Foster Real Estate, Inc.

Cell: (703) 217-0697
Fax: (703) 485-4633
Email: Homes@MarileeMurphy.com

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