Nationally and locally, rents continue to rise. After reading the linked article, click the "download full report" link for some great additional information to help your buyer clients and investors make some decisions. Overall, the western states are up. The closest market to us in the report is Sacramento with an 11.9% year-over-year increase in rental rates! As the cost of living goes up for renters, and as the Fed signaled last Wednesday, that interest rates are likely to push up in December, now might be the perfect time for buyers to get off the fence! Remember, for every 1% increase in the interest rate on a 30-year-mortgage, a buyer loses 10% of their purchasing power. Buying now also allows a buyer to lock in their monthly housing payments for the next 30 years.

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Patrick Conner
President
London Properties, Ltd.