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When Is a Good Time to Rent? Not Now!

Saturday, December 10, 2016   /   by Tina Redding

When Is a Good Time to Rent? Not Now!

 





When Is a Good Time to Rent? Not Now! | MyKCM



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:


When Is a Good Time to Rent? Not Now! | MyKCM


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!