Get Smart With City Chic is a bi-weekly column giving you the real talk rundown on what’s happening with the D.C. real estate market. Sponsored and written by Lindsay Dreyer, the broker/owner ofMany people scooped up great deals on rentals during Covid, however, we’re definitely seeing the tide start to turn. Rental demand and prices, are up. According to Delta Associates, rents in the D.C. metro area are up 15.7% from Q1 2021 to Q1 2022.
With double-digit rent increases becoming more common, many renters are wondering: is now the right time to buy a home?Why is owning a home important to you? Knowing your motivation for being a homeowner is important! Is it a goal you’ve always had? Do you long for a place you can make your own? Is it a financial investment in your future? Are you hoping for some stability in your long-term housing expenses? Whatever the reason, you should have a good one!Notice I didn’t say “live”, I said “own”. This can be a tricky one, especially if you aren’t sure how long you’ll be staying in the D.C. area.
Ultimately, there’s no shame in the renting game! But if homeownership is in your future, answering these 5 questions is a great place to start., which will give you an even deeper dive into buying your first place. City Chic Real Estate is a woman owned, independent real estate company, specializing in helping first time buyers and sellers in the DMV.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IntEngineering - 🏆 287. / 63 Read more »