People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, I want to make certain that everyone understands that now is NOT a good time to rent.
The Census Bureau recently released their 2018 first quarter median rent numbers. According to their report, 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
It hurts when your landlord raises your rent year after year. Nobody wants that. One way to protect yourself from rising rents is to lock in your housing expense by buying a home.
If you are ready to buy, I’m ready to chase your dream home. And catch it!
Call today! Let the chase begin.
I literally wake up in the middle of the night with marketing ideas for my listings. Using modern marketing tactics, I pride myself on setting the gold standard for Real Estate marketing.
Nearly 50% of the properties that I marketed last year went under-contract opening weekend. Trust me. My clients were delighted.
Personally, I love to dance (tango, west coast swing, lindy hop), surf (well, I try to), and laugh (every chance I get)!
Joyfully,
Ann
