yearly rental price: Year-Over-Year Rental Prices on the Rise
- 12/26/19 03:41 PM
Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast, “We expect rates to remain low, falling to a yearly average of 3.8% in 2020.” If you’re currently renting, 2020 may be a great time to think about making a jump into homeownership while mortgage rates are low. As noted in the National Rent Report, “the national rent index increased by 1.4 percent year-over-year.” With average rents on the rise, this year-over-year increase may not sound like much, but it can add up – fast. The math on how much extra it will cost you over time surely doesn’t lie. Here’s an example: On (1 comments)