People often ask us at Dewey Blanton if now is a good time to buy a home. At the same time, nobody ever asks us when a good time to rent is. Regardless, your REALTORS at Dewey Blanton Real Estate 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. And before you sign that lease renewal, give us a call. We will be happy to provide you with the names of our favorite lending partners so they can help you make an informed decision on whether to buy or to sign that renewal.
Bottom Line
One way to protect yourself from rising rents is to lock in your housing expense by buying a home. We want to help you lock down your housing costs and protect yourself from the rising cost of rent as more and more choose the path of homeownership.
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