If you've been thinking about making the jump from renting to home ownership, now is the time to do so. Or so says Forbes Magazine. Middletown was named one of the top cities (number four to be exact) for renters to become buyers. The government has been encouraging this kind of behavior by introducing and extending a tax break for first-time homeowners, as well as keeping federal tax rates at their lowest rates since the 1940's.
According to Forbes, the premium to buy - the spread between what they'd spend to rent and what they'd pay for a mortgage - is a lot lower than the fifteen-year average in a number of cities. To compile the list, Forbes computed the premium and combined that with locations where economists predict home prices will go up the most in the next five years.
Below, you'll find the rest of the top ten:
1. Boston-Cambridge-Quincy, Massachusetts
2. Charlotte-Gastonia-Concord, North and South Carolina area
3. Chicago-Naperville-Jolet, Illinois, Indiana and Wisconsin area
4. Cincinnati-Middletown, Ohio, Kentucky and Indiana area
5. Denver-Aurora-Broomfield, Colorado
6. Minneapolis-St. Paul-Bloomington, Minnesota and Wisconsin area
7. Philadelphia-Camden-Wilmington, Pennsylvania, New Jersey, Delaware, and Maryland area
8. Portland-Vancouver-Beaverton, Oregon and Washington area
9. San Francisco-Oakland-Fremont, California
10. Washington-Arlington-Alexandria, D.C., Virginia, Maryland, and West Virginia area
Remember to call 513-422-1907 for Security Camera Systems in Middletown, Cincinnati, or the Dayton, Ohio areas.
