Rents in Utah are Rising

Dated: 01/31/2018

Views: 32

Don't become trapped. Rents are up 2.7% on a national level and over a quarter of renters are spending at least half of their income on rental housing, don't become trapped in that cycle. recommends that only 28% of your pre tax income be used for housing expense.
Over the long term it's cheaper to buy than rent. Homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage. Rents will increase but a fixed mortgage wont.
You should explorea all options. 80% of millennials are planning on buying a home eventually, but 72% cite that affordability is their primary obstacle. They need a solid financial plan to achieve home ownerhship.
The bottom line- don't get caught in the cycle of renting. Take some time and make a plan. Call me today about what your options are. 
Blog author image

Eric Gardiner

Here to serve you and provide expert knowledge every step of the way. ....

Latest Blog Posts

Our Top 5 Tips for Homebuyers in Today’s Market

Are you planning on buying a home in this competitive market? Today, we have five tips to help you succeed and purchase a home.Want to sell your home? Get a FREE home value reportWant to buy a home?

Read More

New to Real Estate Investing? You're Going to Want to Try This

Have you ever wanted to try your hand at real estate investing? If so, I’d like to recommend a great option that requires very little work.Want to sell your home? Get a FREE home value

Read More

The Latest Numbers From Utah Real Estate

The Utah real estate market continues to be strong in 2018. Here’s what we’ve been keeping an eye on.Want to sell your home? Get a FREE home value reportWant to buy a home? 

Read More

6 Tips to Help Buyers Succeed in Today’s Market

Today, I have six tips for buyers to use to get a leg up in this competitive market.Want to sell your home? Get a FREE home value reportWant to buy a home? Search all homes for saleI may

Read More