Deanna Valeo

Rents Keep Going Up!

 Rents Keep Going Up!

According to the Wall Street Journal today, low inflation would be even lower (1% vs. 1.4%) if rents hadn't increased year over year by 3.5% topping off a run of rent increases that started in November 2010.  Since September 2011 national rent increases have been around 3% per year, meaning if your rent was $1000 then it will be $1,142/month today and there is no sign it is slowing.

According to the labor department, the reason is supply and demand more people getting jobs; however, wanting to be cautious about buying.

In Charlotte rent increases are even faster, 6.1% year over year, according to a recent Forbes article.

Home Buying update:  In the Charlotte Market inventory is tight and deals are made quickly on a new home.  If you are ready to get out of renting and lock in a more predictable housing payment we can help.  Give us a call today.

The Valeo-Croy Team 
MLS 91421 and 91428

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