Krista Brayer
SFR,
Realty Executives Arizona Territory
According to RealWealth's most recent article by Kate Christianson, there are 7 reasons why rents continue to rise in the United States.
Reason #1: Low Housing Inventory = Demand for Rental Properties
Reason #2- Median Home Values Went Up (Slightly)
Reason #3: Down Payments Aren’t Getting Any Cheaper Even with Mortgage Rate Drops
Reason #4- Occupancy Rates Remain High
Reason #5: Growing Demand from Millennials & Baby Boomers
Reason#6: Renting Offers More Flexibility
Reason #7: Renters Avoid Property Maintenance and RepairsWill Rents Continue To Rise
Full Article can be read at: https://www.realwealthnetwork.com/learn/why-are-rents-rising-so-fast/
Thank you Steve VanBuken,
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