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This graph shows the LPS home price index measured against the CPI owner’s equivalent rent index.
You can see the extreme separation during the madness of the bubble years.
We are now back to the stage we were at in 1995 – 1998 when rent was at a higher point than home prices.
This chart shows that we are much closer to the bottom of the housing market than the top.
What does this mean?
That real estate rental prices are rising and it becoming more expensive to rent a home than buy one.
Once home prices experience their final push downward they will provide an extremely attractive investment opportunity for those that have the ability to manage single-family homes.
If you’re tired of renting and have a credit score that is stopping you from buying a home, call 800-750-1416.
Credit Firm.net has helped thousands of clients improve their credit scores and qualify for a mortgage. Call us today and take the first step to homeownership.
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