We all know the housing market has been on a tear and some people take might want to take a pause, but here are five reasons why it’s a good time to buy!
1. Increases in inventory – one of the reasons housing prices have been surging is a lack of inventory but we are seeing increased inventory nationally over the summer according to national association of Realtors.
2. Price increases maybe moderating – forecasts expect prices to continue to go up but at a more moderate level.
3. Rates are expected to stay low – forecasts for rates to stay low through the end of the year and perhaps into next year
4. Rates are near record lows – we are still at record low interest rates so borrowing has basically never been cheaper.
5. Start building equity – as we forecast home values to continue rising you can start building equity now.
Of course every situation is different and forecasts may change but those are five good reasons. Fill out our quick home buying analysis on our website and we can get you a customized quote to see what best fits your needs.
