Monthly Archives: July 2015

Purchasing a home is getting more and more affordable. In fact, it is now estimated that homeowners pay half as much for their monthly mortgage than renters pay for their rent. It doesn’t help that rental rates rose 3.2% on the national level last year, which was partly driven by the number of rental properties available--or lack thereof, really. In 2014, the rental vacancy rate fell to 7.6%, the lowest number in decades. (more…)...