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May 2017

Found 1 blog entry for May 2017.

***Published May 24, 2017 by UrbanTurf

Trulia’s most recent Rent vs. Buy report calculates that it is now 28.4 percent cheaper to buy a home in the DC region than to rent — a slimmer margin than the 35.4 percent value of buying a home last fall.

The DC area is not unique in this position, as the economic benefit of buying, as rents have dropped, has diminished in all 100 of the country’s largest metropolitan areas. While home prices have steadily increased nationwide over the past four years, rents have gone down by 3.5 percent between spring 2016 and spring 2017. In the last year, median home prices in the DC area rose by 4.3 percent while median rents dropped by the same percentage. Currently, there are metropolitan areas (most of which are in

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