Median Rents Continue to Rise. How does this effect the Central Ridge. By David Collins Realtor

David Collins
David Collins
Published on October 29, 2019

As we head into 2020, everyone is asking where will the real estate market head on the Central Ridge? If I had a crystal ball I would be retired by now BUT a great method of figuring out what will happen is to look at indicators and one of the strongest indicators is what is happening in the rental market. As you can see from the graph below, rents have gone through the roof nationally and that trend is happening here in Citrus County. With that being said, when rents are rising, so is the overall market because it becomes cheaper to purchase a home and the domino effect takes place and the higher end market has more demand from the folks selling their starter and middle homes. As I have mentioned a ton in my post cards, as the Millennial’s start buying homes in a big way, the demand will leak into the Central Ridge because our buyers are coming from those strong markets. The bottom line, right now, barring any major economic factors happening, I am still bullish on the Central Ridge going into 2020.

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