Would you like a reason other than low mortgage rates to feel good about the long-term housing market? Here is a good one.
Rents have been rising strongly throughout the past two years as vacancy rates have fallen and new household formation has returned to normal. In fact, new household formation has been playing catch-up after the recession.
Make Dwight A TRUSTED Part Of Your Day
Read more insights from Dwight Johnston on TrustCU.com or register for his Daily Dose e-newsletter to receive his blogs straight to your inbox.
According to the latest survey of landlords, rent increases will top last year’s 6.2%.
Landlords anticipate raising rents by as much as 8% in tight markets, which are most rental markets. The home ownership/rental comparison will continue to grow more favorable toward buying.
There is, however one minor problem: With rents rising so fast, can renters save enough for a down payment?
Dwight Johnston is the chief economist of the California and Nevada Credit Union Leagues and president of Dwight Johnston Economics. He is the author of a popular commentary site and is a frequent speaker at credit union board planning sessions and industry conferences.
October 8, 2015
Daily Dose Of Industry Insights
Stay informed, inspired, and connected with the latest trends and best practices in the credit union industry by subscribing to the free CreditUnions.com newsletter.
The Changing Ratio Of Rent Versus Own
Would you like a reason other than low mortgage rates to feel good about the long-term housing market? Here is a good one.
Rents have been rising strongly throughout the past two years as vacancy rates have fallen and new household formation has returned to normal. In fact, new household formation has been playing catch-up after the recession.
Make Dwight A TRUSTED Part Of Your Day
read moreRegister Now
According to the latest survey of landlords, rent increases will top last year’s 6.2%.
Landlords anticipate raising rents by as much as 8% in tight markets, which are most rental markets. The home ownership/rental comparison will continue to grow more favorable toward buying.
There is, however one minor problem: With rents rising so fast, can renters save enough for a down payment?
Dwight Johnston is the chief economist of the California and Nevada Credit Union Leagues and president of Dwight Johnston Economics. He is the author of a popular commentary site and is a frequent speaker at credit union board planning sessions and industry conferences.
Daily Dose Of Industry Insights
Stay informed, inspired, and connected with the latest trends and best practices in the credit union industry by subscribing to the free CreditUnions.com newsletter.
Share this Post
Latest Articles
Tech-Grown CEOs Share Fintech Partnership Strategies (Part Two)
Tech-Grown CEOs Share Fintech Partnership Strategies (Part One)
Virtual Cards: More Than Just A Trend
Keep Reading
Related Posts
Markets Responded Well To Reduced Trade Fears In May
What Can Credit Unions Learn From Rocket Mortgage?
Sweeping Tariffs Leave The Fed In An Unenviable Position
Service Credit Union Launches CUSO For Fintech Investments
Savana MorieBest Of 2025 (So Far): Supporting Member Financial Wellbeing
Aaron Passman3 Ways The Balance Sheet Is Adjusting To New Borrowing Habits
Roman OjalaView all posts in:
More on: