After publishing an article several days ago referring to DC as the number one city in the entire world for real estate investment, Forbes has added the District to another list.  In an article written by Francesca Levy, DC is deemed to be one of the ‘ten cities to go from renting to buying’.  Levy writes that DC, Portland, San Francisco, and Minneapolis are the top four of the group.

Some of the reasons that factored into Levy’s article include job stability as well as each city’s cost differential between renting a unit and buying a unit.  ”The spread between what you’d spend on renting and what you’d pay each month for a mortgage–is far narrower now than its 15-year average,” Wrote Levy of the top four cities, cities she calls the “premium (places) to buy”.

Because DC is expected to bounce back in the coming years after a recession that damaged the national economy, Levy writes that now is the time to buy.  ”Economists predict a significant home-price hike in five years. So upgrading will cost much less than usual, and home buyers are likely to get a good return on their investment.”

Read Levy’s entire article here and look at all of the DC properties that you can invest in on DC CondoDomain.