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When Is a Good Time to Rent? Not Now!

Monday, December 5, 2016   /   by Lynn Goodale

When Is a Good Time to Rent? Not Now!

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:

Rent Not Now_Median Asking Rent.JPGAs 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.

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready to buy, let’s get together to determine if you are able to, today! Call Austin and Lynn at 602-799-7099 or start your home search by clicking here!

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