It's that time of year, the seasons are changing and with them bring
thoughts of the upcoming holidays, family get togethers, and planning
for a new year. Those who are on the fence about whether now is the
right time to buy don't have to look much farther to find four great
reasons to consider buying a home now, instead of waiting. http://goo.gl/ZAxjmj
1. Prices Will Continue to Rise.The Home Price Expectation Survey polls a distinguished panel of over
100 economists, investment strategists, and housing market analysts.
Their most recent report released recently projects appreciation in home
values over the next five years to be between 11.2% (most pessimistic) and 27.8% (most optimistic).
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Although Freddie Mac’s Primary Mortgage Market Survey shows that
interest rates for a 30-year mortgage have softened recently, most
experts predict that they will begin to rise later this year. The
Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National
Association of Realtors are in unison projecting that rates will be up
almost a full percentage point by the end of next year.
An increase in rates will impact YOUR monthly mortgage payment. Your
housing expense will be more a year from now if a mortgage is necessary
to purchase your next home.
Author:Peter Meyer Phone: 302-218-2790 Dated: November 16th 2014 Views: 233 About Peter: Licensed Broker / Owner specializing in residential and commercial properties. I started my career ...
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