Is It a Good Time To Enter The Rental Housing Market?
In the previous year, rents around the entire nation had grown at a pace of just below 70%. On the contrary, inflation was 2.4%. That is a far cry from the rent ascent we had seen a few years ago. It is the absolute slowest pace we have witnessed in more than five years. Home values had risen a solid 6.8% in the past year; however, they appear to be slowing down as well. Zillow is projecting a growth of only 2.6% in the next year. Is there a cooling period in the real estate markets? We should take a look at the bigger picture. Housing Inventory Prior to anyone getting carried away with the vision that markets of real estate are on the verge of crashing, it is worth taking a break to point out just how low of a level there is in the housing inventory at this very moment. In fact, "low" happens to be an understatement. Homes' inventory states for sale had reached all-time lows in 2017's initial quarter. The problem has been horrendous for starter homes. Devel...