RENTERS BEWARE: RENTS COULD SPIKE UP AS INTEREST RATES RISE

Posted by Leonard Steinberg, president of COMPASS, on March 7th, 2015

As unemployment figures continue to drop, the likelihood of rising interest rates strengthens……and this may cause a spike in pricing as buyers rush to buy to capitalize on the current low (but rising) interest rates. Rising prices may force some to turn to renting, which would further create the imbalance between supply and demand in the rental markets and push renting pricing up. The next 4 months will be very telling indeed.

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