- Because of a small decline earlier this year, the median rent nationwide is now down 0.2 percent from September 2017 – about $3 a month.
- Rents last turned down in July 2012, then climbed steadily to peak growth of 6.6 percent in July 2015.
- After reaching recovery-era peak growth of 8 percent year-over-year growth in March, April and June of this year, home value growth now has slowed for three months in a row. Home values rose 7.6 percent year-over-year in September, to a U.S. median of $220,100.
There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped
A recent article by Apartment List addressed rising rents by stating:
Continue reading “Rents Are on The Rise: Don’t Get Caught in The Rental Trap!”