June 12, 2018 | Bob Myers
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:

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,  give me a call.  We can discuss your ability to purchase a home right now.

Please consider The Myers Team your resource for all things real estate.  We have over 30 years of real estate experience, specializing in the Montgomery County area.  If you are refinancing, want a recommendation, need a service provider or just have a home related question, please give me a call at 301-910-9910 or email me at bobmyersteam@gmail.com.
Share

check_circle

You message has been sent!

Send us a Message


View our Privacy Policy