Rents are continuing to increase and will continue to increase. According to the Washington Post, D.C. region rents aren’t just expensive. They’ve risen faster than anywhere else. For many people rents are outpacing income.
The infographic below provides a snapshot of what the difference in a year could mean to your purchasing power. There is a cost associated with waiting to buy. It's defined as the additional funds it would take to buy a home when prices and interest rates increase over a period of time. Right now interest rates are still very low.
Want more info about the home buying process. Read my free home buying guide.
Find a home that works for your personal budget.
- Properties for sale under $250,000
- Properties for sale from $250,000 - $500,000
- Properties for sale from $500,000+
Call/Text me at 703-626-2226 or email me for answers to any of your questions.
Victoria M Baker
Licensed in VA, MD & DC
Coldwell Banker Residential Brokerage