Are more people renting or buying? I'm looking into buying a house and renting it out.

Asked by kmfield52, Moyock, NC Thu May 9, 2013

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Keith Jean-Pierre’s answer
Keith Jean-P…, Agent, East Brunswick, NJ
Thu May 9, 2013
The rental market is hot but the single family rentals available are at an all time high because everyone saw the rental market going up and figured they would partake. You can still rent pretty quickly if you price right but the high prices are coming down as many are now buying because of sub 3% interest rates. Good luck with your decision.
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Melissa Wigg…, Agent, San Antonio, TX
Fri May 31, 2013
Many people are still renting, but there are also a lot of people taking advantage of low interest rates. The real estate market is very competitive for buyers right now in much of the country for this reason. If you're trying to decide if you should rent or buy, I would suggest contacting a local realtor for advice. Good luck!
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Gavin Clouti…, Agent, Holly, MI
Fri May 31, 2013
buying because money is still cheap
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