Should I Rent or Buy in Lancaster,PA ?

By
Real Estate Agent with KW Elite

 

Is Now a Good Time to Rent in Lancaster ?

Is Now a Good Time to Rent? | MyKCM

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 fourth quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Is Now a Good Time to Rent? | MyKCM

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet to determine if you are able to today . 

Your first step towards Home Ownership is obtaining Mortgage Pre-Approval  Email mikeperrykw@gmail.com  to get started !

 
Posted by

 

Michael J. Perry

KELLER WILLIAMS Elite

www.lancaster4sale.com  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Longtime West Lampeter resident and Lancaster County Realtor!

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Topic:
Real Estate Market Trends
Location:
Pennsylvania Lancaster County Lancaster Willow Street
Groups:
The Economics of Real Estate
1st Time Buyers
Keller Williams Active Rain Bloggers
Keller Williams
Keller Williams Realty Referral Group
Tags:
first time buyers
first home
qualifying for a mortgage
obtaining a mortgage
rent vs purchase
my first home
west lampeter real estate news
penn manor real estate news
solanco real estate news
obtaing preapproval

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Rainmaker
3,418,326
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Michael. Home ownership should always be given first consideration. Only a few get benefits from renting and it’s needs periodic re-evaluation. Enjoy your day 

Mar 03, 2018 06:14 AM #1
Rainmaker
5,577,257
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Smart consurmers are anxious to take advantage of the low mortgage interest rates and the benefits of home ownership.

Mar 03, 2018 06:43 AM #2
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Rainmaker
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Michael J. Perry

Lancaster, PA Relo Specialist
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