Warning: file_get_contents(http://www.rewebsitepro.com/shared/blogphotos/blogphotos.json): failed to open stream: HTTP request failed! HTTP/1.0 404 Not Found in /home/awp/public_html/1597/blog/index.php5 on line 16
A recent study by Harvard's Joint Center for Housing Studies has reported a rising price trend in rent - reporting prices that are approaching unaffordable in many markets.
According to the study, a huge number of homeowners left their underwater properties behind, due to the "The Great Recession", and are now renting homes and fighting rental prices. These families are now forced to cut essential spending in other areas to pay expensive rents.
Among the cuts: food, transportation, and retirement savings.
It's important to note that inflated rental prices do not affect all areas, but have a large impact on expensively-priced neighborhoods.
One great way to beat the rental market is simple: buy a home! Buying a home is still as affordable as renting, and the tax benefits alone could possibly make it even cheaper (check with your tax attorney).
Prices are low, rates are low, and it has never been a better time to buy. If you or someone you know is ready to buy or sell property, call today!
JoJo Giordano, REALTOR
If you, or someone you know is interested in buying or selling property, please call right away!
- Zillow Looks To Improve Price Estimates After Lawsuit
- Market Still Climbing As Sales, Prices Rise
- New Home Sales Trending Upward
- Looking To Buy? Let’s Talk Down Payments
- What Can We Expect From Real Estate This Year?
- Forget The Fall Slowdown - Home Sales At 10 Year Highs!