If you have the impression that home prices are rapidly approaching unaffordable levels, then we have some information that should make you feel better. While there is no doubt that price growth in the last couple of years has been stellar, homes remain far more affordable now than they were during the height of the housing bubble. In fact, the average monthly home payment in the first quarter of this year required 36.5% of the average worker's wages, down over 48% from 2006's decade high of 70.7%!
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For the seventh time in as many years, Rent.com has released their Property Owner and Manager Market Report. The survey reveals current trends and predictions for the future of the U.S. rental market as reported by over 500 rental property managers. In addition to confirming the seemingly universal rent increases which have been seen in the past year, managers are also predicting a further increase of 8% for the coming year!
Information Deemed Reliable but Not Guaranteed. CENTURY 21 H.S.V. Realty is licensed in the state of Arkansas. CENTURY 21 and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. H.S.V. Realty, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.