Rents keep rising, while home prices inch higher

By
Real Estate Agent BRE# 01353757
http://actvra.in/FkH

Consumers and specially people that are trying to sell, buy, rent, or refinance their homes; save their homes from foreclosure; or sell their properties might hear some different stories and feel differently about the news and how they might be affected by it.  Here is an interesting report worth a few minutes of your time:

 



CNNMoney

Rents keep rising, while home prices inch higher
U.S. rents rose an average of 5.4 percent over the 12 months ended June 30, according to real estate website Trulia.  Demand from former homeowners displaced by foreclosure and potential home buyers who failed to qualify for mortgages have helped to send rents skyward…

 

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Broker, Agent, or/and MLS provider does not guarantee the accuracy of: 1- the reports, charts, articles, and also the information from links to other websites. 2- Square footage, lot size or other information regarding the conditions or features of properties provided by the seller or obtained from Public Records or other sources as presented in this website. Many articles may be time and date sensitive so please always look at the date posted. Consult your tax advisor, financial planner, attorney, or/and appropriate professionals concerning your personal specifics. Interested parties are advised to independently verify the accuracy.                                                            

                                                          Frank Moham  DRE LIC. #01353757

 

 

 

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Rainmaker
385,530
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL

This seems to be the trend in a lot of market areas these great home values and rates won't last forever.

Jul 22, 2012 01:40 PM #1
Rainmaker
300,363
Carol Faaland-Kronmaier
Weichert, Realtors; Hillsborough - Hillsborough, NJ
PhD, e-PRO, Manville, Hillsborough, Somerset NJ Homes

Frank, I also agree that the mortgage rates wil rise and so will the home prices at some point. Rentals proices have risen a lot in my area and I do not see them going back down, so buying sooner than later seems like a good idea!

Jul 22, 2012 01:56 PM #2
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Rainmaker
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Frank Moham

Realtor - ABR, ePRO, GREEN, TRC, SFR
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