When Is a Good Time to Rent? Not Now!

Still renting or considering renting?  Read this article first and explore your options to see whether you can afford to purchase.  Rents have increased steadily since 1988 and are still increasing.  Interest rates are still very low compared to 1988 and our prices have stabilized.  Why not give me a call and let’s discuss your options?  There is a good chance if you can afford rent you can afford a mortgage payment.  I have a team of experts who work with me and will be able to help you get into a home of your own.  What are you waiting for?

Courtesy of Keeping Current Matters 2018

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

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! | MyKCM

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

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