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When Is A Good Time To Rent? Not Now!

Randy Plaice

With so many Realtors out there eager for your business, what do I provide that makes me any different? Team Approach: They say "A Team Always Outper...

With so many Realtors out there eager for your business, what do I provide that makes me any different? Team Approach: They say "A Team Always Outper...

Jul 5 2 minutes read

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:

When Is a Good Time to Rent? Not Now! | Keeping Current Matters

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, meet with a local real estate professional who can help determine if you are able to today!

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