WSJ – Owning Continues to Become More Affordable Relative to Renting. Video & Interactive Graphics

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A recent article in the Wall Street Journal details the advantages of owning vs. renting a home in several major metropolitan cites. Nick Timiraos states, “Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities.”

The price of ownership doesn’t come without it’s pitfalls, however. “Also, while the monthly carrying costs on a mortgage are lower than average rents in some cities, home ownership carries other costs—including taxes, insurance, homeowner association dues and maintenance—which may dissuade some potential owners.”

Overall, buying does have greater advantages over renting. Your situation might be different and to understand all the advantages, you should consult professionals whose opinions you trust. The Weymouth Group conducts Home Buyer Clinics where you can meet a CPA to learn the tax advantages of buying as well as a lender to learn your buying power and a Realtor to assist in your home search. These clinics provide a one-on-one consultation with each of these professionals. Our clinics are held every third Wednesday. Our next clinic will be in January. To register for your one-on-one clinic with each of these three professionals, click here!

To read more about the WSJ article, click here.

MyRentRebate.com and My1stHomeRebate.com are programs designed to assist First Time Maryland Home Buyers, Renters and our Military with rebates to be applied towards the purchase of their next home. Call 443-280-1922 or email at [email protected] to get more information or you can sign up for free at MyRentRebate.com.

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About Chris Weymouth & The Weymouth Group, LLC and the TheMDRealEstateBlog.com: Your number one source for Maryland Real Estate Blogs, News, Videos, and more! Chris Weymouth, Luxury Home Realtor.

Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked in the top 1% at Keller Williams Select Realtors, top 1% in Howard County and Maryland among Realtors. Serving Central Maryland and all our friends and family for almost 60 years.  Need a Luxury Home Marketing and Buyer Specialist in Howard County (Ellicott City, Woodstock, Clarksville, Marriottsville, Fulton, Laurel, West Friendship, Glenelg, Columbia, Elkridge, Dayton, Mt. Airy, Woodbine and more), Carroll County (Elkridge & Sykesville), Baltimore County  (Catonsville, Woodstock, Owings Mills, Pikesville and Reisterstown), Anne Arundel County (Pasadena, Severna Park, Hanover, Severn, Glen Burnie, Annapolis and Odenton), Prince Georges County (Bowie & Laurel), -ontgomery County (Silver Spring, Olney, Bethesda and Sandy Spring) or Harford County? We Know This Market! Then call Chris at 443-280-1922 or email at- [email protected]