Is Now A Good Time To Rent

Dated: 05/23/2017

Views: 43

Is Now a Good Time to Rent?

Is Now a Good Time to Rent? | MyKCM

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Is Now a Good Time to Rent? | 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!

Blog author image

Jeri Patrick

In today’s complex and difficult real estate market you need a professionals who will do whatever it takes to market and sell your home. Jeri Patrick has a team with an established history of succes....

Want to Advertise on this Site?

Latest Blog Posts

Mar 21 2018 5018 1

Is a Major Home Renovation Worth It in the Long Run?Last week, we shared “7 Factors To Consider When Choosing A Home To Retire In.” For some homeowners, these seven factors can be

Read More

Mar 20 2018 5018 1

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their

Read More

Mar 19 2018 5018 1

Dreaming of a Luxury Home? Now’s the Time!If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for

Read More

Mar 16 2018 5018 1

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you

Read More