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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Year-Over-Year Rental Prices on the Rise

Year-Over-Year Rental Prices on the Rise | Simplifying The Market

Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast,

“We expect rates to remain low, falling to a yearly average of 3.8% in 2020.”

If you’re currently renting, 2020 may be a great time to think about making a jump into homeownership while mortgage rates are low.

As noted in the National Rent Report,

“the national rent index increased by 1.4 percent year-over-year.”

With average rents on the rise, this year-over-year increase may not sound like much, but it can add up – fast. The math on how much extra it will cost you over time surely doesn’t lie.

Here’s an example: On a $1,500 rental payment, an increase of 1.4% adds an additional $21 dollars per month to your payment. When multiplied by the twelve months in a year, it’s a $252 overall annual increase. The price continues to multiply when you rent year after year, as rental prices rise.

History shows how average rental prices have been increasing each year, and there doesn’t seem to be much end in sight. Here’s a look at how rents have grown since 2012 alone:Year-Over-Year Rental Prices on the Rise | Simplifying The MarketWhy not lock down your monthly housing expense, and at the same time build additional net worth for you and your family? If you’re thinking about buying a home, consider the financial benefits of what homeownership can do for you, especially while the market conditions are strong and current mortgage rates are low.

Bottom Line

With average rents continuing to rise, now may be a great time to stabilize your monthly payment by becoming a homeowner and locking into a low mortgage rate. Let’s get together to discuss how taking advantage of the current market conditions might work for you.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
11222 Rapallo Lane Windermere FL 34786
Open House Sun, Jun 1, 2 PM
1 / 61
$699,800
4
BEDS
2
TOTAL BATHS
2,350
SQFT
11222 Rapallo Lane Windermere, FL 34786
Single Family Residence For Sale
- Active

2025 aesthetic inside and out. You will love this east-facing and tucked-away, private, fully fenced tropical court lot in gated South Belmere, offering the rare combination of peaceful seclusion and unbeatable convenience—just minutes from three maj

Listing courtesy of Elliott Hagood of Home & Family RE & Property Management
2948 Bella Flore Terrace New Smyrna Beach FL 32168
New Listing - 5 hours on site
1 / 73
$995,000
3
BEDS
2
TOTAL BATHS
2,050
SQFT
2948 Bella Flore Terrace New Smyrna Beach, FL 32168
Single Family Residence For Sale
- Active

Pristine ,well kept home ! Used for a vacation home ! Gated community in Venetian Bay on the 18th hole , backed up to the club house ! This is the largest lot in the subdivision . Enjoy outside living on the front screened in porch or on the scre

Listing courtesy of Ron Ballou of Coldwell Banker Coast Realty
3 Ashford Lakes Drive Ormond Beach FL 32174
New Listing - 7 hours on site
1 / 60
$889,500
4
BEDS
3
TOTAL BATHS
3,793
SQFT
3 Ashford Lakes Drive Ormond Beach, FL 32174
Single Family Residence For Sale
- Active

Custom ''Luxury Builders'' contractor's personal home. The ''Shakespeare'' Green Luxury at its finest. Certified gold by the Florida Green Building Coalition, Energy Star rated by the US Govt. & FL Yards and Neighborhoods by the State of FL. Situate

Listing courtesy of Skip Stamper of Halifax Area Properties LLC

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SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

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Related posts:

  1. Think Prices Have Skyrocketed? Look at Rents.
  2. 4 Reasons to Buy A Home This Summer
  3. 4 Reasons to Buy a Home This Fall
  4. What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Posted in: Blog, First Time Home Buyers, For Buyers, Rent vs. Buy

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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Latest Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?
  • Don’t Let These Two Concerns Hold You Back from Selling Your House
  • The Big Difference Between Renter and Homeowner Net Worth
  • Should You Sell Your House or Rent It Out?

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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Contact James Today

James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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