Find our exclusive home buyers guide below to read, print or share! The information in this guide is updated every 90 days to give you the most accurate depiction of market trends, interest rates and housing inventory. Pairing the information in the home buyers guide with my powerful property search feature gives you the best tools to make informed decisions about buying your next home. Whether you’re a first time buyer, new to the area or looking to downsize we have the information to help you be successful on your journey. Have a house to sell? Be sure to check our home sellers guide, full of tips for getting your property ready for the market.
Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Insights Report shows that home prices have appreciated by
3.5% over the last 12 months. The same report forecasts prices will continue to increase at a
rate of 5.6% over the next year.
Home values will continue to appreciate, so waiting may end up costing you more in the
long run.
2. Mortgage Interest Rates Are Forecasted to Remain Low
The Primary Mortgage Market Survey from Freddie Mac indicates that rates for a 30-year
mortgage have recently hovered around historically low levels. This is great news for buyers in
the market right now, because low rates increase your purchasing power, meaning you can get
more for your money.
The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of
Realtors are in unison, projecting rates will remain steady as we progress throughout 2020,
making this winter a great time to consider buying a home.
3. Either Way, You Are Paying a Mortgage
There are some renters who haven’t purchased a home yet because they’re uncomfortable
taking on the obligation of a mortgage. Everyone should realize that unless you’re living rentfree with your parents, you are paying a mortgage – either yours or that of your landlord.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have
equity in your home you can tap into later in life. As a renter, you guarantee your landlord is
the person with that equity.
Are you ready to put your housing costs to work for you?
4. Waiting May Increase Your Long-Term Costs
The ‘cost’ of a home is determined by two major components: the price of the home and the
current mortgage rate. It appears prices are on the rise, making waiting a potentially more
expensive option.
Look at the actual reason you’re buying and decide if it is worth waiting. Whether you want
to have a great place for your children to grow up, you want your family to be safer, or you
just want to have control over custom renovations, maybe now is the time to buy.
Bottom Line
Buying a home sooner rather than later could lead to substantial savings. Let’s get together to
determine if home ownership is the right choice for you and your family this winter.
December 24th, 2021
House into a Home
Turning a House into a Home It’s clear that owning a home makes financial sense. But lately, the emotional side of what drives homeownership is becoming increasingly important. So how do you turn a house into a home? No matter the living space, the feeling of a home means different things to different people. Whether it’s a familiar scent or a favorite chair, the feel-good connections to our own homes can be more important to us than the financial ones. Here are some of the reasons why. 1. Owning your home is an accomplishment worth celebrating You’ve put in a lot of work to achieve…
December 23rd, 2021
Will Home Prices Decline in 2022?
What Everyone Wants To Know: Will Home Prices Decline in 2022? If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are not projected to decline. Here’s why. With buyers still outweighing sellers, home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace. Why the continued…
December 22nd, 2021
The Perks of Putting 20% Down on a Home
The Perks of Putting 20% Down on a Home If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 3.5%, it’s important to understand the many perks that come with a 20% down payment. Here are four reasons why putting 20% down may be a great option if it works within your budget. 1. Your Interest Rate May Be Lower A 20%…