Across the country potential homeowners are finding themselves with fewer options and higher price ranges. Today nationwide home values are on the rise and inventory is down, except for in Texas markets.
According to the national housing experts at Zillow, there are 3% fewer homes on the market today than one year ago and home values have risen 6%. Rent rates have followed the upward trend and risen on the average 1%. Texas, however, is the only state experiencing a rise in home inventory and also home values. In San Antonio, there are 16.4% more homes on the market and they are worth 6% more than they were this time last year. With less inventory to choose from, it will make for a very competitive shopping season in most states except for Texas.
We feel it is important to stay on top of market trends when it comes to real estate. Our apartment finders are experts in working with renters who are struggling with the rent versus buy dilemma. Give us a call at Apartments Now and let our apartment locators find you the perfect home for you and your budget.