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Rent Versus Buy

The Redfin number crunchers recently posted some stats about the mood of people who are either the process of buying a house or about to be. A little over twelve hundred people responded overall, but Redfin passed along info from the two hundred and thirty one who were from DC. Those respondents have a general feeling of optimism about local housing with many of them citing that they expect prices to rise by next year. The vast majority said their reason for buying right now were the low interest rates and buying had become cheaper than renting. [Redfin]