Tuesday Map: Feeling the housing heat
Housing prices may have some folks running for shelter, but that doesn’t mean everyone has given up on the U.S. real estate market. Hotpads, an online real estate and housing search engine, has created a set of “Rent Ratio Heat maps,” which show nationwide relationships between renting prices and purchasing prices. These handy maps show ...
Housing prices may have some folks running for shelter, but that doesn't mean everyone has given up on the U.S. real estate market. Hotpads, an online real estate and housing search engine, has created a set of "Rent Ratio Heat maps," which show nationwide relationships between renting prices and purchasing prices. These handy maps show you where you should rent and where you should buy.
Housing prices may have some folks running for shelter, but that doesn’t mean everyone has given up on the U.S. real estate market. Hotpads, an online real estate and housing search engine, has created a set of “Rent Ratio Heat maps,” which show nationwide relationships between renting prices and purchasing prices. These handy maps show you where you should rent and where you should buy.
Take a look at their map of Washington, D.C. below:
The formula is pretty simple. Areas marked with red grids tell you where to rent, while blue areas (where the ratio is lower) tell you where it makes more sense to buy. You can also see examples of average rental costs.
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