The cost of rental housing continues to increase and accelerating at a more rapid pace than home prices. More than 85% of U.S. markets have rents that exceed 30% of the income of renting households and these number continue to rise. It is now more affordable to buy a home in most of the us than to rent, and the Tampa Florida area is no exception.
There are many programs that are being made available for first time home buyers throughout the US making the dream of owning a home a reality for many families.
The analyst predict that 2016 will continue to show steady real estate growth with tight inventory and more renters will enter the market of owning a home.
Want to know what your options are? Contact me to discuss what your next move should be in your home ownership venture. I look forward to speaking with you!