Equity & Stability.
The National Association of Realtors recently released a telling synopsis of the Housing Pulse Survey. The survey measures the "pulse" or the trends in the housing market. When it comes down to the age-old debate of rent vs. own it 's evident that a growing number of people are leaning towards homeownership due to the high return of equity and stability. As a homeowner you'll invest in your future thru asset-building, Renters, however, lack of major capital ownership may stand as a hindrance to larger amounts of future equity. Volatile and occasionally high rental rates are often seen as hindrances to the level of stability and financial predictability people are looking for in a new place. A Rent.com survey of property managers revealed
- 68%of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
- 53%of property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know.