Mic Ortega

Should I rent or should I buy, the million dollar question in Real Estate.  The government sure has done its part in the past few months to encourage people to get out of their apartments and into a new home.  Whether to rent or buy is a complex decision, but timing is important. In many U.S. cities, the premium to buy–the difference between what you’d pay monthly to own a home, rather than rent–has dropped dramatically.

If that’s the case in your metro, Denver/Aurora/Broomfield ranked in the top 10, the next thing to consider is whether your home will appreciate. In these 10 cities the step up from renting to buying is a much smaller one than usual, according to data from Dallas-based Witten Advisors, an apartment market consulting firm, and the five-year S&P/Case Shiller home price outlook is particularly good.

To read more details on how these cities were chosen and go more in depth on the buy verse rent proposal, click here.  More great news for Denver and with the First Time Tax Credit set to expire, there has never been a better time than now to pull the trigger.

Metropolitan Statistical Area: Denver-Aurora-Broomfield, Colo.