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Is Now A Good Time To Rent?

Posted by David E. DeChant on Wednesday, February 28th, 2018 at 9:20am.

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 fourth quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, 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 a local REDCO real estate professional who can help determine if you are able to today!

 

 

 

 

 

 

 

 

Source: https://www.keepingcurrentmatters.com/2018/02/27/is-now-a-good-time-to-rent-2/ 

3 Responses to "Is Now A Good Time To Rent? "

It’s Tax Season… Use Your Refund To Jump Start Your Down Payment Savings! wrote: [...]Links

Is Now A Good Time To Rent?
Latest NAR Data Shows Now Is A Great Time To Sell!
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Posted on Thursday, March 1st, 2018 at 12:10pm.

Are Home Values Really Overinflated? wrote: [...] It’s Tax Season… Use Your Refund To Jump Start Your Down Payment Savings!
Is Now A Good Time To Rent?
Latest NAR Data Shows Now Is A Great Time To Sell!




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Posted on Friday, March 2nd, 2018 at 10:02am.

4 Reasons To Sell This Spring [INFOGRAPHIC] wrote: [...] It’s Tax Season… Use Your Refund To Jump Start Your Down Payment Savings!
Is Now A Good Time To Rent?




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Housing Market Updates (12)
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Posted on Monday, March 5th, 2018 at 10:28am.

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