WHEN IS A GOOD TIME TO RENT? NOT NOW…

Danielle AlexanderBlog Series Vol. 2, Danielle Alexander

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WHEN IS A GOOD TIME TO RENT? NOT NOW.

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:

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 a local real estate professional who can help determine if you are able to today!  Do Not let fears of having less than perfect credit stop you from starting your home search.  I have lenders ready, willing and able to help you.  Contact me now to start your home search!

Original Source: Keeping Current Matters

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To Buy To Sell Call Danielle!

Danielle Alexander | Realtor | Coldwell Banker King Thompson | Danielle.Alexander@KingThompson.com