 People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. 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 fourth quarter median rent numbers. 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 LineOne 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! |
Is Now a Good Time to Rent from The OC!
By: Arthur Alderete
Since 2003 Arthur has gained valuable experience selling real estate in the greater Orange County Area (L.A., Orange, San Bernardino & Riverside Counties). Working closely with Asset Managers of REO Properties: Broker Price Opinions, Cash for Keys, Vendor Contacts and Property Preservation. Arthur has been able to help many with his passionate representation: continual pursuit of education and training (making him a Certified Distress Property Expert and REO Specialist) coupled with his desire to go the extra mile for his clients.
