Rent vs. Own: Now is the time to buy!
Posted on April 21, 2008
Filed Under News, Real Estate
Rents continue to climb while home prices drop
Now is the time to buy!
According to an April 14 article on Realtytimes.com, “The first quarter of 2008 makes the 24th consecutive quarter that rental prices have escalated nationwide.” Click here to read the rest of the article, “Realty Viewpoint: If You Think You’re Saving Money Renting…Think Again.”
While Your First Home, the first book in the Keller Williams Realty Guide Series, emphasized that, “If you can afford to rent, you can afford to buy,” holds true. This point appears truer now than ever before.
Below is a graph showing you how right now is the best time for new buyers to get out of rental properties and enter the housing market.
Interest rates over the last 15 months
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