Rent Rising Faster Than Income

Dated: 07/13/2014

Views: 513

Trulia reports that rents are rising faster than income in many major markets of the US.  This is eventual good news for home sellers, since there comes a point where owning a home costs less than renting.  In our market there are many homes for sale on which the monthly payments might be less than equivalent rent, not even including the tax deductions you get when paying interest on a mortgage. Throw in zero down payment loan programs, and the ability to finance most or all closing costs, and a home can be bought now for very little or even no cash out of pocket.  Contact me to find out more.
     Here's a link with an article on rising rent costs:  http://www.bloomberg.com/news/2014-07-10/renters-trading-size-for-frills-fuel-u-s-apartment-boom.htm...

Paul Snyder III

I am a specialist in the management and sale of bank owned AND investment properties throughout SE and Central Pennsylvania. Our team of (14) real estate agents and (3) support staff are here to e....

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