According to the Harvard Center for Joint Housing Studies, rent increases, particularly among primary residences are continuing to outpace inflation. This means that renters are seeing their costs increase, and it could make home-ownership even more attractive over the coming year. Part of the rise in rents is due to the fact that rental vacancies are at their lowest levels of the past 20 years.
If you or anyone you know is being squeezed by rental increases, it may make sense to do a buy vs. rent analysis for your situation.
Please contact me for further details.