Top 3 Reasons That NOW Is The Time To Buy A Home
- July 16th, 2013
According to a recent article on RISMedia, the top 3 reasons that now is the right time to buy a home are:
1. Rising Home Prices: Home prices are inching upward at an accelerated rate. Since price is likely the most significant consideration most people have when buying, this is important. If prices continue to rise, and you buy now, your equity will begin to build as soon as you close. And home prices ARE projected to increase.
2. Low Mortgage Rates: Yes, interest rates did go up a little in the last month, but they are still super low! And the gurus are projecting that they will go up even more over the next year. NOW is the time to get locked in.
3. The Re-emergence of New Construction: Builders are building again, but not at the rate they built in the mid 2000s. Land costs more, materials cost more, labor costs more. New home prices are going up, too. Buying today may be your best option because the cost of new constructions isn’t likely to decrease.
Regardless of what is happening in the market today, tomorrow, or a year from now, real estate is almost always a good investment for the long term.