Residential Rents Heading Higher

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Are you facing the decision to renew your rental lease for another year or to purchase your first home?

Here are a few quotes that you might want to think about.

While pace of increase slowed, landlords have raised rents for 21 consecutive quarters.

Wall Street Journal

I wish I had a better story to tell renters these days, but I think they’re in for some rent increases for the foreseeable future.

Ryan Severino, a senior economist at Reis

Maybe a quote from an actual landlord might also be useful.

As a landlord I can tell you I don’t pay property tax. I don’t pay for repairs. The tenant pays. I get my money off the top.

A happy landlord

So why not think about purchasing a new home and let us help take some of the burden off of that decision too? We got you covered at Skyrise Real Estate Group.