Home Buying in 11413>Question Details

The Pierre T…, Real Estate Pro in Springfield Gardens,...

Where Are Rents Headed?

Asked by The Pierre Team, Springfield Gardens, Queens, NY Fri Mar 2, 2012

People are delaying the decision to buy a home because they are not sure where prices are headed. If they buy and prices continue to soften, they feel that they will not have purchased at the optimal moment. They reason that, if they sit and wait, they can’t be hurt. This thinking assumes that a non-decision comes without consequence. where do you see the rental makret heading up or down?

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I'm thinking the rental market is goin to continue to warm up (ie: rents getting higher) as many people are finding it hard to qualify for financing as banks continue to tighten or are generally just scared of the current market.

Jackie
0 votes Thank Flag Link Sat Mar 3, 2012
My experience is that rents are headed up. Basically the supply is low and demand is still pretty good.
1 vote Thank Flag Link Sun Mar 4, 2012
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