December, 2021   Blog Home   Contact

John McClintock Team

Rent Price Growth Outpaces Home Price Growth

At 11.5%, National rent growth reached double digits for the first time in August, when it began to outpace home price growth, according to Nationally, last month marked the fifth straight month of double‑digit rent growth compared with the previous year, when rents grew more slowly than normal because of the pandemic, according to Rents were up about 20% in November over 2021. The median rent in the Philadelphia metropolitan area is up 11% from last year to $1,768. Of the country‚Äôs 50 largest metropolitan areas, 47 had double-digit rent growth in November. If you have been delaying a decision to move from renting to owning, give us a call. We'll guide you through the numbers to help compare the impact buying versus renting for your specific situation.

Are you considering selling and/or purchasing a home across Bucks, Montgomery, Delaware, Mercer, Burlingotn or Phialdelphia? More than ever, you need expert, professional representation. Before you list your home for sale, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on dealing with bids, realistic prices and precise timing.

john mcclintock team

Information is deemed reliable but not guaranteed.