What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
WSJ on Why You Should Buy a Home Now
The Wall Street Journal’s Brett Arends made a pretty compelling (and rather straightforward) argument recently for why you should buy a home right now. His main reasons? Interest rates are super low and you can get a really good deal despite what statistics say.
Arends writes that the combination of getting an interest rate at 4.5% or 5% over 30 years combined with the expected “dose of inflation” means that not only will your monthly payments be low, but you’ll repay the principal over time with devalued dollars. Furthermore, he notes that if you are active and do your homework, there are some very good bargains out there.
From his column:
“There are plenty of deals taking place far below the official average levels. The indices are masking a huge disparity in prices. Even the National Association of Realtors concedes distressed sales – including foreclosures and short sales – are closing about 20% below ‘normal’ market rates. Aggressive buyers are finding some simply terrific deals. And they’re paying with cheap debt, too.”
This article originally published at https://dc.urbanturf.com/articles/blog/wsj_on_why_you_should_buy_a_home_now/780.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
A new hotel has been pitched for a development site in Mount Vernon Triangle that has... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro