Since 2006, the housing market will have an annual price increase according to reports by Trulia. It's great news to hear and another sign of the improving housing market and economy. How much of an increase? About 2.5 percent in asking prices. Excluding foreclosure sales, prices are up 3.5 percent.
However, rent prices are also on the rise. In one year, rental prices have rise 4.8 percent since last September! According to Trulia, the steepest price gain has been in Houston with 15.9 percent and Miami with 10.4 percent.
I am a renter and I am no stranger to the increasing of rental prices. With interest rates low for qualified buyers and balanced real estate market....all signs point to a great opportunity to jump into the real estate market or start buying some apartments or duplex.
However, rent prices are also on the rise. In one year, rental prices have rise 4.8 percent since last September! According to Trulia, the steepest price gain has been in Houston with 15.9 percent and Miami with 10.4 percent.
I am a renter and I am no stranger to the increasing of rental prices. With interest rates low for qualified buyers and balanced real estate market....all signs point to a great opportunity to jump into the real estate market or start buying some apartments or duplex.
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