Renting? Stop flushing your hard earned $$ down the toilet!

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Below is a chart of monthly rent in comparison to monthly mortgage payments.  As you will see, there is  an imbalance in the housing market pertaining to mortgage payments and rental payments.

Obviously, many potential home purchasers are unable or unwilling to purchase a home.  However, the demand for rentals has increased–so much that the average monthly rental income is much higher than the average monthly mortgage payment.

Scroll down to view the chart which illustrates the evolving trend:

 

 

 

 

 

 

 

 

 

 

 

Are you currently paying rent?  If so, NOW IS THE TIME to take advantage of historically low interest rates and home prices.  Call me today at 208-869-3469!!