Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question,
Rents Skyrocket To Highest Level In Almost A Decade
Dated: 07/20/2016
Views: 155
 The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watchrevealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That's the strongest yearly price gain since 2007. This coincides with a report released earlier this month in which AxioMetrics announced that rents are continuing to increase in 2016. The report revealed:
Here is a graph to illustrate the rate of increase over the last several years:
Bottom LineWith rents continuing to rise and mortgage interest rates still at historic lows, let's meet up today to determine if you could turn your monthly rental cost into a home of your own. |
John Faber
John Faber has lived in West Michigan his entire life and with strong family ties in the area, he takes his clients' needs to heart and treats them like family when helping them buy or sell a home. J....
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The properties on this web site come in part from the Broker Reciprocity Program of Member MLSs of the Southwestern Michigan Regional Information Center. Copyright 2011 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Data Last Updated August 14, 2018 1:40 PM. All information deemed reliable but not guaranteed and should be independently verified.
