When Is A Good Time To Rent Not Now

When Is A Good Time To Rent Not Now

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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:Image title

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, let’s get together to determine if you are able to, today!


Ron Harmon Headshot
Author:
Phone: 206-250-9100
Dated: December 6th 2016
Views: 45
About Ron: As a dedicated real estate broker I have helped over 500 families purchase or sell their home and I ...

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