Residential Rental Rates Eclipse Growth in Home Values

While increases in home values continue to slow across the country, especially on the west coast, residential rental rates continue to increase in most US markets. The median rent in the US rose to $1483 in June, an increase of 3% from a year earlier. Annual growth in home values dropped to 5.2% from 7.6% a year earlier. Market analysts worry that increasing rental rates in Georgia and other parts of the country will make it more difficult for first time home buyers to save down payments to enter the housing market.

Buying or refinancing home in the Atlanta area or anywhere else in the state of Georgia?  Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net to discuss our low home mortgage interest rates and easy loan application process.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.