Renting Prices of Homes are Expected to Rise in 2016

By January 18, 2016 No Comments

While 2016 may have been forecasted to be a great year to potentially buy your new home, renting prices are also unfortunately expected to rise due to more properties inevitably making their way to the housing market.

Close to upwards of 1.2 million homes are expected to be created due to the influx in the labor market, which also inherently contributes to the unfortunate rise in prices towards renting.

With the rising rates in renting, you could potentially be paying roughly the same monthly payments for rent as you would be paying for a regular mortgage.  Due to these recent rises in rent, buying a home this year appears to be the right move for those who are thinking about moving into a new home.

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