At Keller WIlliams, we love helping buyers find their dream home! That's why we work with each client individually, taking the time to understand their unique lifestyles, needs and wishes. Don't delay your search, call us today. 917.300.8818
Saturday, October 29, 2011
Friday, October 28, 2011
Wednesday, October 26, 2011
To Rent Or Not To Rent
With the economy the way it is, more Americans are downsizing, all of which point in a single direction: rents are on the rise.Today the number of homeownership has plummeted to fewer than 67 percent, that's roughly 3 million households that are now tenant-occupied!
In the first quarter of 2011, rental vacancy rates had dropped to 6.2 percent, according to Reis. That, of course, means that rents are on the rise. The nationwide average rental amount rose from $967 in early 2010 to $991 in 2011?
The bottom line is, it is going to get very expensive to rent in the next few years, which hopefully will fuel demand for homeownership and swing the pendulum back the other way, fingers crossed.
West Virginia is up 8.6%
West Virginia is up 8.6 %? Congratulations!!
West Virginia is a global hub for chemicals, a national hub for biotech industries and a leader in energy, while having a diverse economy in aerospace, automotive, healthcare and education, metals and steels, media and telecommunications, manufacturing, hospitality, biometrics, forestry, and tourism according to Wikipedia.
Wish we have that in NY =)
Subscribe to:
Posts (Atom)