Mobility

March 2017

Issue link: http://mobility.worldwideerc.org/i/793074

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W ith rental rates rising dramatically in many U.S. markets, the relo- cation industry and its transferees should take a fresh look at the rent-versus-buy equation. Consider this: Nationwide, the average U.S. rent has spiked 20 percent from 2010 through the second quarter of 2016, according to research fi rm Reis. During that time, the average infl ation rate was just 1.43 percent. Rental prices are also outpacing wage growth. No doubt those relocating have to weigh the pros and cons of putting down roots through a home purchase versus making a short-term rental commit- ment, but today's market factors make a compelling argument to purchase. Even people who once felt forced out of the housing market are taking a fresh look at homeownership. As relocation professionals, let's help transferees make the best choices by keeping the following factors in mind. Buying VERSUS Renting A Fresh Look to Help Relocating Transferees Make Smart Decisions By Matt Canfi eld, CRP

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