Pages

Friday, January 30, 2015

Not So Good News for Renters


Renters info

                                                                    
I can only speak for the Phoenix area, as that’s where I live..

 
But from what I’m hearing Rents are going up.  One source that I read said that they already went up at least 5% since last year.   And rentals are hard to find, in some areas they go faster than others…. 

 
With valley home prices down 2% for the year, the demand for rentals is still strong in the Phoenix area.   With fewer people buying, because of down payment, or credit,-- renting is their best option. 

 
Renters being the most Financially fragile as they tend to live life closer to the edge.  Is there a way to help them see the value in Home Ownership??
                                                                                 
 
There’s a lot of info out there to educate ones self about general economics and how a mortgage works, without the understanding, you can make bad investment choices, incur fees, and take costly risks.

 
Granted there are some out there right now renting --- not because of their choice, but because of having to overcome a short sale or foreclosure.  With these folks I think they were just dealt some unexpected cards, and are ready now to jump in the game of homeownership again.

 
I work with some great lenders who just might be able to help with the credit issues.  The interest rate is the lowest it has been in a very long time. 

 
There are several programs out to help with down payments assistance, and the FHA has just dropped the mortgage insurance premium rate, which will help with over all payment, Maybe it’s time to think about the benefits of owning vs renting.

If you want to find out just what you could buy, call me and we'll see what can happen--- if not now, working for the goal of ownership

Joanne McGuire  
                                    REALTOR®    
 
 
Premier Service Certified
Rea l Living  Property for You 
Direct  623-640-0488
Please like my facebook page
 

www.rehomehelp.info

No comments:

Post a Comment