"Make no mistake: Despite this recent slowdown in rental appreciation, the rental affordability crisis we've been enduring for the past few years shows no signs of easing, especially as income growth remains weak. It will take a lot more supply, and a lot more renters-turned-homeowners, to fully reverse this.”
“Rents and home prices are expected to exceed income growth into next year because of the insufficient creation of new home construction and the detrimental impact its inadequacy continues to have on housing costs in several markets.”
"We know rents are rising faster than incomes, and now we have data to show that many renters don't have enough to pay all their debts each month, which is forcing them to make tradeoffs, such as cutting spending on other items.”
“The primary reasons cited for the latest rises were increasing demand and low inventory. Vacancy rates for rental housing nationally dropped to a 20-year low of 6.8 percent in the second quarter…Rents and occupancies are currently hovering at historic highs as supply isn't keeping up with demand.”
If you are one of the many renters debating a home purchase, You can contact me so I can show you your options, before your rent goes up! Andrew Grett Direct: 480-250-2283 [email protected]
Author:Dawn Green Phone: 480-227-1658 Dated: December 30th 2015 Views: 401 About Dawn: ...
Report by Ricky KhamisRealtor Report2016 Best Year for Housing in a De
"I'd say he's doing great! I am a business partner of the team and I can say that he has been nothing but outstanding in every regard to mortgage lending. He has a true desire to serve his clients and serve them well. "