nancy chandler real estate: Home Buying: Are Rental Homes in Virginia Beach More Cost-Effective Than Buying?
- 11/20/08 07:02 AM
As the housing market and the economy as a whole tries to recover from the recent slump it has experienced, many cities in Hampton Roads have seen housing prices fall consistently for the past year they have been on the market. This is causing many home owners to open their homes up to the option of renting, preferring to get the house off of the market and producing some income to support costly mortgages. Old Dominion University recently released a study that determined renting may be a more financially responsible decision at the current time. With three-bedroom houses for sale in … (2 comments)
As the housing market and the economy as a whole tries to recover from the recent slump it has experienced, many cities in Hampton Roads have seen housing prices fall consistently for the past year they have been on the market. This is causing many home owners to open their homes up to the option of renting, preferring to get the house off of the market and producing some income to support costly mortgages.;)
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