Time to Buy?

With national vacancy rates for rentals at the lowest percentage in 20 decades, landlords have been upping the price of rentals by the fastest pace in six years,
according to MarketWatch.

November marked a 3.5 percent growth in annual rent inflation, which is the most growth in six years, since November 2008. Comparatively, total consumer inflation was up only 1.3% in November.
The U.S. Census Bureau reported that vacant rentals are at the narrowest proportion since 1995, with only 7.4 percent of rentals being vacant.
With fewer vacancies available, landlords are able to charge more for their properties.

Frank Nothaft, chief economist at mortgage buyer Freddie Mac, predicts that demand will continue to exceed product, and rental markets are expected to remain tight in most urban markets for 2015.

Contact the experienced agents at RE/MAX Realty Brokers to talk about your requirements, your budget and the the local housing market.