- NYT’s David Brooks: Obama has ‘manhood problem’ in Middle East
- Ted Cruz thanks Obama for denying visas to terrorists
- Survivors recall chaos, fear in Everest avalanche
- General Mills apologizes for ‘right to sue’ confusion, reverses policy
- Dealer wanted in U.S. for art fraud nabbed in Spain
- Easter morning delivery for space station
- Boxer Rubin ‘Hurricane’ Carter dies at 76
- Probe could complicate Rick Perry’s prospects
- Ukraine, Russia trade blame for eastern shootout
- Obamas head to church on Easter morning
Women losing coverage under Obamacare, too
Topic - Brooke Schara
Rising rents and rock-bottom mortgage rates have combined in the Washington area to push some young renters into considering homeownership. In some cases, these prospective buyers haven't even thought about owning a home -- except as a future dream -- until a Realtor points out that buying often will cost the same as or less than renting.
Ms. Schara said extremely low interest rates are making homeownership more affordable than renting, particularly when factoring in the mortgage-interest deduction homeowners can take on their income taxes.
Buyers also need cash for closing costs, which Brooke Schara, a Realtor with Arbour Realty in Arlington, said costs between 3 percent and 3.5 percent of the sales price.