When Is a Good Time to Rent?
February 27, 2018 | Mac Rogers
Is Now a Good Time to Rent? | Simplifying The Market
First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy
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:Is Now a Good Time to Rent? | Simplifying The Market

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 homeof your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock inyour 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! #brokermac #castrovalleyrealtor


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