Rental Prices Rising Faster Than Home Prices

Are you sick of renting. Do you want to get into a house of your own? Camden County Real Estate law firm Bratton Law can help make your dream of home ownership a reality.

On top of record low interest rates and rock bottom home prices, findings from the latest Trulia Price Monitor and the Trulia Rent Monitor give prospective home buyers one more reason to consider purchasing a home versus renting in this market. According to real estate website Trulia, US rents rose an average of 5.4% over the 12 months ended June 30, compared to the mere .3% increase in home prices during the same period.

“With rents rising faster than prices in most markets, buying is getting even more affordable relative to renting,” said Jed Kolko, Trulia’s chief economist.

You can read the full article on CNN Money’s website.