Rising Rent Good for Orange County HomeownersOne of the indicators of a growing economy in a certain area is rent price.  If the rent is higher than other areas, chances are that the reason for these higher prices is because of higher demand and in most cases, like Orange County, supply is low. Consequently, it becomes a win-win situation for homeowners who have the extra space and need the extra money.

NBC 4[1] has done a report on the latest research done by the University of Southern California Lusk Center for Real Estate[2]  and the results are good news for property owners in the O.C.

 

“In Orange County, rents will go up 3.3 percent this year and 5.1 percent by the end of 2013, the forecast predicts. Similarly, the Inland Empire is expected to see an increase of 3 percent this year and 3.8 percent total by the end of next year. The San Diego area will see a more serious increase of 3.4 percent this year and 5.2 percent total in 2013.”

 

The NBC reporter commented that one of the reasons for demand is because there are more jobs out there and when there are more jobs there is more income for some young income recipients to have the opportunity to move out and get their own place.

 

If you noticed, the numbers are in favor for the Orange County area; meaning that this increase is good for those that have the extra room for extra cash.  The report also shows that the figures are set to end until the end of this year (2013).  Which begs the question; are you positioned for this influx of income in the year of 2013?  If not then I think you and I need to talk.

 

Find out how you can become a homeowner this year and reap the rewards of owning your own home!  Use the contact form provided.

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