TIME FOR RENTERS TO BECOME HOMEOWNERS

by Traci Stanier

Time for Renters to become Homeowners
The Consumer Price Index (CPI), which measures inflation on the consumer level, showed that overall inflation increased in June, but moderated on a year over year basis.
Within the report, rents rose by 0.3% for the month and are increasing at a rate of 3.9% on a yearly basis, which is a pretty big jump from 3.7% last month.
Initial Jobless Claims, which measures individuals filling for unemployment benefits for the first time, showed that there were 209,000 claims last week. This was 13,000 lower (stronger) than last week’s figure and was 11,000 lower than estimates of 220,000.
The unemployment rate is going down, rates are low but rent is going up.

It’s time for renters to make a move. With a home purchase, they can:

  • Build equity
  • Enjoy a stable housing payment (no surprise increases in rent)
  • Potentially take advantage of tax breaks
  • Control their own space (no more pet rent, painting, remodeling, etc.)
A home of their own may be closer than they think and together we can help make that happen.

Published on 2019-07-17 14:20:51