Don't Get Caught in the 'Renter's Trap'!

Real Estate Agent with Keller Williams Realty 211734

Don't Get Caught in the 'Renter's Trap'!


In a recent press release, Zillow stated that the affordability of the nation’s rental inventory is currently much worse than affordability of the country’s home sale inventory. The release revealed two things: 

Nationally, renters signing a lease at the end of the second quarter paid 29.5% of their income to rent. 

U.S. home buyers at the end of the second quarter could expect to pay 15.3% of their incomes to a mortgage on the typical home.

If you are currently renting you could get caught up in a cycle where increasing rents continue to make it impossible for you to save for a necessary down payment.

Click the link to read the full post.

#realestate #YOURagent #wilmington #ilm 


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