Rental rates increased steadily in 2014 and have continued to do so in 2015 even when analysts didn’t think the trend would continue. As a wave millennials, many with student loans, struggle to save by living at home of with loved ones they hold a goal of homeownership by 2020. In the meantime, builders are constructing more multi-family developments with higher end amenities which will push rates even higher. A perfect storm to keep renters renting as higher rates will make it even harder to save for a down payment on a home.

With interest rates as low as they are, qualified buyers can purchase more real estate than they will when interest rates begin to rise.

Did you know if you have been fortunate enough to stay employed and you have been fiscally responsible in recent years, there are programs to assist you with down payment monies?

I have been selling real estate in South Florida since 1985. I will be your partner and friend in success and I will coach you and your friends or loved-ones to resources that will help you achieve your real estate ownership goals.

If you’re renting, don’t be bashful. Call me. There is a perfect storm brewing to keep you right where you are and I will help you find ways to become a home-owner instead.

“Broker Joe” Grano, REALTOR®
954-931-0031