September/October 2015 Market Pulse

September/October 2015 Market Pulse

THIS ARTICLE WAS ORIGINALLY PUBLISHED BY REALTOR® MAG AND WRITTEN BY LAWRENCE YUN.
To view the original article, please click here.

Check out Lawrence Yun’s snapshot of the current housing market.
SEPTEMBER 2015 | BY LAWRENCE YUN

yun-houseThe second half of 2015 started on a positive note, with home sales steadily inching up. They’re on track to hit 5.6 million by the end of the year. Interest rates remain low but home prices, fueled by tight inventories, continue to rise, squeezing first-time buyers.

 

 

Rocketing Rents
yun-graphMonthly rents have been climbing steadily since the economic recovery began in 2009, while monthly mortgage payments have dropped. The result is a wide gap between the growth rate of rents and mortgage payments. The trend lines give renters a greater financial incentive to consider buying.

yun-chart

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