I’ve been watching the rental market as much as the sales market for the last 2 years, because I want to move, but don’t want to buy if we’re at the top of the market, but don’t want to rent for just 6 months somewhere only to find I should buy if the market drops enough.
I would say the rentals have been going way up for at least 2 years! I have been amazed at what owners are asking and getting in rents! I have to assume it’s only going to get worse: as more people keep moving here, and as foreclosures go up and people become renters again, it seems like that will just drive up the rental market too. If I’m wrong, someone please let me know.
