Gaithersburg MD | Is Now a Good Time to Rent?

Gaithersburg MD Local Market Tidbits:

Today I decided to bring you some news about the things that matters the most to our local real estate market

As you are aware, the real estate market is like the weather. The economic conditions within the area are the most influential on home prices and its stability

Sometimes even within neighboring counties, our local real estate market could be completely different.

Yes, you may see disparities between Montgomery and Frederick counties even though they are just a few miles apart. 

Today I want to talk to you about Is Now a Good Time to Rent?

 

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet to determine if you are able to today!

We are interested in creating repeat business with all our clients. 

We understand that we can only do that by bringing you the latest news and information that could affect your financial world when it comes to real estate. 

We take pride in assuming that role for you 

To reach us, please call 301-246-0001

or send us an email @ info@ReallyNiceHomes.com

Search for the newest listings in Clarksburg by map (click picture below) 

 

Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system 

www.99SOLD.com - Call or text 240-426-5754 for more information.