At the risk of getting flamed for sharing positive news about the Seattle market, I figured I'd share a recent story on CNN about two economists analyzing forecasted future home prices and rental prices to see whether a city is better to rent or buy.
How much better buying will be depends on location. Of the 23 cities Beracha and Johnson looked at, Seattle is the best place to buy right now. When renters invest in portfolios that include stocks, the appreciation rate required over the next eight years there is 4.84% and the area's historical average is 6.06%.
Here's the article and here's the Seattle detail page.
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