Demand for rental units appears to remain strong based on rental price trends according to information from the July REALTORS® Confidence Index. Approximately 54 percent of REALTORS® conducting rentals reported higher residential rents compared to 12 months ago. About 22 percent of REALTORS® reported conducting an apartment rental.
So what does this mean? Depending on the property there may be significant financial advantages to buying rather than renting—particularly in the long run. In addition, there are major social benefits associated with home ownership with major, favorable impacts on families.
