Home Price Appreciation Is Skyrocketing in 2021. What About 2022?One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the
When Is a Good Time to Rent? Not Now!
Dated: December 13 2018
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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, but nobody ever asks whether or not it’s a good time to rent. Regardless, we 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
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, let’s meet to determine if you are able to today!
Carlos Cardenas
Real Estate Broker offering over 18 years of experience in the industry specializing in Commercial and Residential Real Estate in South Florida. Solid business background with experience in accounting....
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