Get Out Of The Rent Trap

As we start 2016, this is the advice that we want to start the new year with.

REALTOR.COM Chief Economist, Jonathan Smoke says:

Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.

According to Harvard, 49% of rental households are spending more than 30% of their income on housing.

That's not a pleasant cage to be locked into. Get out this year and get into your new home.

Buying is affordable.

While more than 85% of markets have burdensome rents today, it’s perplexing that in more than 75% of the counties across the country, it is actually cheaper to buy than rent a home.

Do you think that you won't qualify?

It’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment. It’s that they think they’re not qualified or they think that they don’t have a big enough down payment. ~ Nomura analyst consensus

With just a 3% down payment, you might be able to escape the rental cage in 2016.

It really pays to speak to a real estate professional in your market. Skyrise Real Estate Group is proud of our roster of satisfied clients that have been helped to break out of this rental cage. Contact us and lets see what we can work out together.

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