Tuesday, November 29, 2011

Renting vs. Buying in Sun Valley, Idaho?

Previously many entry to mid-range buyers were kept out of the local Hailey, Bellevue, and Ketchum housing markets due to pricing and the economics of "rent versus buy" (and limited inventory for sale that was appealing). That is changing as lower housing prices, historically low mortgage interest rates, and compelling inventory have created the opportunity to own for at, or less than renting a comparable dwelling. Bundled with the tax advantages, security of place, and pride of ownership; current Valley housing prices may be the best opportunity to position a new buyer in an equity position for the years to come. The sense our market may have hit bottom in some neighborhoods is balanced with the question of "if so, for how long" and "will interest rates remain low" -  given those variables and decreasing inventory of the better properties, the time to consider buying is right now!

Source realtormag.com Strong Temptations for Home Buying