Why Rent When You Can Own?
Did you know that NOW is still
a great time to
BUY Real Estate?
And the good news is that interest rates are still low
but don't wait to long!
If you are interested in finding out
if you could put your housing cost to work for you by purchasing a home,
call/text me at (630) 669-2401 and/or
email me at email@example.com
Monica Mancano, REALTOR®, MRP, AHWD
Century 21 Affiliated
My Real Estate Dream Team and I are here for you!
We are looking forward to helping you start your
incredible journey of HOMEOWNERSHIP!!!
Check out my Real Estate Website
to see properties currently listed in the MLS
and for your Real Estate Needs!
If you're still wondering whether to Rent or Own, take a look at some recent research below.
Rents Skyrocket at Highest Rate in Almost a Decade by The KCM Crew
The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007.
This coincides with a report released earlier this month in which AxioMetrics announced that rents are continuing to increase in 2016. The report revealed:
- There was a 3.7% increase in effective rents in the second quarter of 2016 as compared to the same period last year.
- That the effective rent growth this quarter compared to last quarter was 2.3%.
- Annual effective rent growth was positive in 49 of the top 50 markets, based on number of units. Only Houston was negative, at -1.4%, as the fallout from energy-industry job losses and excess construction continues.
Here is a graph to illustrate the rate of increase over the last several years:
With rents continuing to rise and mortgage interest rates still at historic lows, meet with a local real estate professional who can help determine if you could turn your monthly rental cost into a home of your own.