Ownership costs are dropping below rental costs!
The recent downturn in the housing market resulted in a drop in rental rates, but rents are back on the rise while the cost of home ownership has dropped. As average apartment rental rates have slightly decreased, the decline has been moderate in comparison to home values, which have declined nationwide by 30 to 40 percent since the peak of the housing boom. For more reasons why now is prime time to buy a home, contact me and I’ll send you a free ebook about why now is a Great Time to Buy an Affordable San Antonio Home.
US Bank - Larkspur, CA
Mortgage Loan Originator, Marin County
This is yet another reason why a more sensible approach towards home lending --- driven by both Washington and Wall St. --- would have a significant and immediate impact on the economy for the better. I'm convinced that there are a lot of renters out there who would be willing homeowners. I'm also sure that they'd even be "able" buyers if finance guidelines were just a bit more practical.
Aug 29, 2011 03:37 AM
www.FisherHermanRealty.com (704) 617-3544 - Charlotte, NC
MCRP - Charlotte Real Estate, NC or SC
This is consistent with data across much of the country. Even where home prices have continued to fall, rising rents are making a fixed monthly mortgage payment increasingly attractive.
Aug 29, 2011 04:45 AM
Rainer
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307,886
Randy Elgin
Sells Affordable Homes for sale in the San Antonio
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Real Estate Sales and Marketing
over 10 years ago
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Author Bio: Randy Elgin specializes in affordable homes for sale in Northwest San Antonio, TX. He serves residential, commercial and investor clients. He believes a needs analysis is an important first step and understanding what their goals are and how to help them achieve those goals is paramount.
San Antonio TX Real Estate information forum where anyone interested in buying, selling, or investing in the real estate market can ask questions and get answers.
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