Rising Rents Make Home Buying a Better Choice

Fallen home prices and record-low mortgage rates have pushed housing affordability to a 40-year high. Meanwhile, rental prices are continuing to rise at a fast pace, according to a new report released by Hotpads.com, a rental listing service. 

Rental prices in many areas like ours in the Placerville, CA. increased about 3.5 percent in 2011, and prices are expected to continue to rise in 2012. Meanwhile, home prices fell by about 1.5 percent in 2011 but are expected to level out in 2012. 

“In a lot of cases it’s getting to a point where it makes more sense for people to buy because rent has been going up significantly faster, while home prices have been falling,” Paul Gleger, author of the report, told AOL Real Estate. 

Source: “U.S. Rental Market Stays Hot in 2011,” Hotpads.com (January 2012) and “Rental Prices Climb, Buying Remains More Affordable,” AOL Real Estate News (Jan. 18, 2012)

More news from the “Sierra Foothills” of El Dorado, Placer, Amador and Sacramento Counties of California at: www.sierraproperties.com or email: zeller@realtor.com

8 thoughts on “Rising Rents Make Home Buying a Better Choice”

  1. Excellent beat ! I wish to apprentice while you amend your web site, how could i subscribe for a blog website? The account helped me a acceptable deal. I were a little bit acquainted of this your broadcast provided bright clear concept

  2. Bud Zeller

    Might check with godaddy.com or search google? Thanks for your compliment, Bud & Douglas Zeller

  3. Douglas Zeller

    We appreciate your comments, Douglas & Bud Zeller

  4. Hello to every one, the contents present at this web site are really amazing for people experience, well, keep up the good work fellows.

  5. Bud Zeller

    Thanks for the comment, Bud & Douglas Zeller

  6. Bud Zeller

    We’re glad you like our website information, Douglas & Bud

  7. Douglas Zeller

    Thanks, we’re glad to help, Douglas & Bud Zeller

  8. Douglas Zeller

    We’ll keep trying, Bus & Douglas Zeller

Comments are closed.