Rent keeps going up, but buying a home is more affordable than ever. Here’s why.
What do rising rent rates mean for our market in Raleigh and you as a consumer? The latest stats show that the median rental rate in Raleigh is now $1,495 per month. That’s an increase of 3.4% over last year.
This means that with low interest rates, buyers can likely afford to purchase a home with less of a monthly payment than what they would be paying in rent. There are a lot of different financing options out there and we’d love to explore them with you.
If you are an investor, this is a great time for you to look at purchasing a rental property. There are a lot of opportunities here for some great cash flow.
If you or someone you know is thinking about buying, selling, or investing in real estate, don’t keep us a secret. Give us a call or send us an email and we’d be happy to provide our expertise.