Year end rental market report
this INFORMATION is a composite of over 15,400 SEPARATE ads in 2012 and over 87,000 in the last five years.
#1 about 13% fewer units advertised for rent 2012 COMPARED to 2011
#2 about 5% increase in pricing in APARTMENTS for rent 2012 COMPARED to 2011
#3 about 3% increase in pricing in HOMES FOR rent 2012 COMPARED to 2011
#4 the home rental market FOR a three bedroom with GARAGE INDICATES it is cheaper to own than rent. THE AVERAGE RENTAL CHARGE is $1,257 for a three BEDROOM home with a garage. the AVERAGE MONTHLY PAYMENT for a three BEDROOM with a garage based sales price, 3.35% 30 year MORTGAGE, 25% for taxes and insurance, the monthly PAYMENT is APPROXIMATELY $1,141. i do not BELIEVE THIS will last throughout 2013. the FEDERAL RESERVES policy to buy about 85% of the MORTGAGES ORIGINATED in the unites STATES can not continue for ever and when it ends the cot to won a home will RISE above the cost to rent which is the traditional RELATIONSHIP.
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