Rental Prices are High Time to Buy

Dated: 10/22/2018

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Rents reach peak point

According to RENTCafe, rents rose 0.9 percent from May to June and were up nearly 3 percent over the year. That equates to about $40 more dollars per month, on average.

Rents also increased in 88 percent of America’s largest metros. Only 10 percent of cities saw rents hold steady, while just 2 percent saw a slight decline.

It appears size doesn’t matter, either. Rents rose 2.8 percent or more on studio apartments, one-bedrooms, two-bedrooms and three-bedrooms over the year, and about 1 percent since May.

New study reveals Millennials spend nearly $100K in rent costs by age 30

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Miles McCabe

My name is Miles McCabe. I was born in Michigan ( GO BLUE ) and raised in Florida. I completed my studies in Business at the University of New Mexico. I have resided in AZ for the past 10 years, wit....

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