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Robin Johnson's Blog

By Robin Johnson-Realtor | Agent in Denham Springs, LA

RENT OR OWN?


The rental market has been strong since the real estate market has been down. Families not being
able to sell a home when they have to relocate due to job, find themselves renting until their home in another state sells. But as rent continues to rise to the high demand, low interest rates are allowing homebuyers to have a lower monthly note than if they were renting.
So will the high demand in the rental market actually help in the recovery of the real estate market?
I think it may contribute as long as interest rates remain low and families can purchase a home with a lower monthly note than renting. This would be a good thing, as it would help the economy. What are your thoughts on this? I would like to hear what other people think about this as I find this very interesting.

Comments

By Jeff Metcalf, REALTOR®,  Sat May 19 2012, 22:55
Thanks for sharing~ I blogged about this a few months ago with the same thought. I really do think high rents are going to start pushing people back into the mortgage market. It's a crazy cycle, huh?

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