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:
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!
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Juanita Simkins, CNE, CMRS, SRS
Synergy Realty Group
5225 N. Academy Blvd, Ste 301, Colo Spgs, CO 80918
Cell/Text: 719-229-5770
Email:RealtorJuanita@gmail.com
Read my 5-Star Zillow Reviews:
Certified Veterans Real Estate Agent
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