When Is A Good Time To Rent

When Is A Good Time To Rent

When Is a Good Time to Rent? Not Now!

by The KCM Crew on December 6, 2016 in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers


When Is a Good Time to Rent? Not Now! | Keeping Current Matters

People often ask if now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

When Is a Good Time to Rent? Not Now! | Keeping Current Matters

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with the decision of whether you should renew your lease or not, you might be pleasantly surprised at your ability to buy a home of your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, meet with with me your local real estate professional I can help determine if you are able to today!


Salvatore Defrisco Headshot
Author:
Phone: 561-644-0052
Dated: December 6th 2016
Views: 137
About Salvatore: ...

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