Home Prices are rising, but so are Rents

Quite often I read articles about home ownership “affordability” suggesting that rising home prices are making home ownership more difficult for many people. Yet these articles rarely if ever point out that the alternative to home ownership – renting – is also seeing rising prices.

This Bloomberg article Your rent’s about to get even higher points out that

Source: US Census Bureau, Bloomberg

Rising rent = more of your money being paid to the person who owns the home in which you live, while that person benefits from any increase in the home’s value

Rising home prices = an increase for you in the value of your home if you own it.

So who do you want to help make money – you or your landlord?

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].

Read Which broker should sell my house?

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

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