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Chris Graves, Certified Mortgage Advisor

Providing Mortgage Services in MA, NH, ME, and RI

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Home / News / How much have rents gone up this year?

01.20.22 News

How much have rents gone up this year?

According to Apartment List’s National Rent Report, rental prices went up $300 per month in 2021. And sources like MBS Highway expect this trend to continue in 2022, albeit at a slightly slower pace.

If you’re currently renting or are considering renting, while you may have a roof over your head, renting doesn’t help you build wealth like homeownership does.

For example, that extra $300 per month you’re spending on rent, based on current rates, would be like having a $70,000 mortgage. Meaning if you were to use that extra $300 per month to purchase a house, you would have an additional $70,000 in buying power you could put towards purchasing your dream home.

Additionally, when you purchase a home, that property continues to appreciate, helping you build wealth. But if you decide to rent, the only person building wealth through real estate is your landlord.

Put your location in the comments below and I will send you a breakdown of what this looks like in your specific market, then we can chat to see if homeownership is the right option for you.

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Tags: mortgage

Chris Graves's avatar

Chris Graves

I grew up in Massachusetts, spent the majority of my young adult life in Boston, and own a home in Windham NH. I have owned properties in MA and NH. I specialize in mortgage lending in Massachusetts and New Hampshire and my company does have the ability to lend in other states. I graduated from the University of Massachusetts in Amherst Massachusetts in 2002. I have a Bachelor’s in Science. In addition to managing a team of loan officers my personal loan production is always in the top of the entire of company. I have personally been in the mortgage business for over 13 years. I pride myself with taking my clients from application to close in the smoothest and quickest way possible, while keeping them well informed during the entire process. I originate my own loans from start to finish and work hand in hand with my loan processors & underwriters to make sure I am updated to the minute with all of my files. I stay up to date with lending guidelines and speak with underwriters on a daily basis to ensure I am aware of all of the lending guidelines in place.

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Recessions and Real Estate

https://youtu.be/JL1oSvpY7R8 The media has been sounding the alarms on a potential recession this year, which has many questioning if it’s a good time to purchase a home. When people hear about recessions, most remember the sharp decline in home prices during the housing bubble and 2009 ... Read More

Do not get discouraged from buying a home this year

Do not get discouraged from buying a home this year!!! Today’s hot market can make finding the perfect home to buy a bit more challenging. Home prices have risen along with mortgage rates, and homes continue to sell very quickly. But while there are some challenges, the opportunity may be well ... Read More

How much have rents gone up this year?

According to Apartment List’s National Rent Report, rental prices went up $300 per month in 2021. And sources like MBS Highway expect this trend to continue in 2022, albeit at a slightly slower pace. If you’re currently renting or are considering renting, while you may have a roof over your head, ... Read More

Is it too late to buy a home?

2021 has been a banner year for housing, fueled by record low interest rates, strong demand, and a low supply of homes. You may be wondering if you are late to the party, or if it’s still a good time to purchase.  Experts expect demand to increase over the next several years as more millennials ... Read More

Put Your Home Equity to Work for You

Just about all measures suggest that home values have appreciated by a great deal. Estimates are for gains of 20 to 30 percent in home equity. That's a lot of wealth that could be used to consolidate debt. Proper use of debt consolidation could cut many years off the term of your mortgage, ... Read More

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Company NMLS 1788.
Licensed by the New Hampshire Banking Department #13092-MB.
Licensed in Massachusetts.
Lender and Broker License #MC-1788.
http://www.nmlsconsumeraccess.org
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Chris Graves, Certified Mortgage Advisor

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Direct/Mobile: 978-376-5389

25 Indian Rock Road Ste 21
Windham, NH, 03087
603-458-5107 x201

Topics

  • Local Information (55)
  • Misc Topics (13)
  • Mortgage Information (107)
  • News (21)
  • Real Estate Information (165)
    • Featured Properties (2)
    • Home Buyer Tips (123)
    • Home Maintenance & Repair (12)
    • Home Seller Tips (37)
    • Market Trends (15)

Disclosure

Company NMLS 1788.
Licensed by the New Hampshire Banking Department #13092-MB.
Licensed in Massachusetts.
Licensed in Maine.
Lender and Broker License #MC-1788.
http://www.nmlsconsumeraccess.org
Click Here for Our Privacy Policy

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