People often ask if now is a good time to buy a home. However, I have yet to hear anyone ask if it is a good time to rent. With that being said, let us make certain everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their third quarter median rent numbers. Below 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 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

The surest way to protect yourself from rising rents is to lock in your housing expense by purchasing a home. If you are ready and willing to buy, let’s have a quick chat, in order to determine what options might best suit your needs today! As always, feel free to call or text me at 727.755.3434 and let’s get started!!