Well, it's a slow time for real estate and with the changes of the market we should see a slow increase in rental prices. Whenever the real estate market gets tough the rental market raises. They are always in opposition to each other. If it's easy to buy then less people want to rent and the rents come down. Like now when the market slows less people can buy and more decide to rent and so then with full units the rents start to creep up agian.
The big question is how long will it last. The longer the housing market is slow the longer the the rents will increase before the market turns around. But just like the stock market you actually want to try and buy in slow markets because prices are low, but fear and lack of effort push people to rent many times. Information is the key and you have to watch the market to time your leases and moving to line up with what is going on. You should always know your financial situation even if you don't know if you want to buy or not. Get expert advice, it's free and you'll be sure to make the right decisions regarding your housing choices. Don't forget to have an expert on your side. Whether you're planning on buying now or in the future talk with us and we can be your long term guide. Visit our rental section for everything you need to know and for current places for rent. Thanks!