Rents Are Rising So Are You Buying

Dated: 03/25/2016

Views: 596

Rents are rising, so are you buying?

Trulia Inventory Starter Homes

The National outlook for home affordability is looking tough. Take a look at what Trulia "Experts" are saying...

America is experiencing a housing shortage. Not only are there fewer homes available to buyers of all income levels, those just starting out or making their first foray into home ownership are worse off than they’ve been in years. There are fewer homes available, and even if they can find a home, it’s likely to be more expensive.

But there's good news in the story, at least for renters and 1st time home buyers in Central Florida. We still have good supplies of inventory of bank-owned homes for sale that are keeping prices down on existing sales. Along with well-priced traditionals sales we also have affordable new construction. In fact, even some of the builders are cooperating as you can find great starter-home-priced 3-4 bedroom, 2 bath new construction in desirable neighborhoods within commuting distance of major Orlando venues. 

But the worst part of the story is that some people will get priced out of renting faster than getting themselves ready to purchase these great deals. The Central Florida long-term-rental market is hot, hot, hot. Just ask anyone looking to rent a home within commuting distance of Disney.

Don't wait. Real estate seems to cycle every seven years.

Read more of Trulia's doom and gloom...

Image courtesy of Trulia    

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Lance Whipple PA

Lance is a Retired Air Force Officer and skip-generation real estate agent -- his grandparents ran a real estate brokerage in Oregon during the 1960s and 70s. Lance helps mainly vacation home investor....

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