1. Rising PricesWaiting to buy a home in the hopes that prices will be lower, is not practical anymore.
Trends from the past 12 months show that home prices have appreciated by 7%. What these trends are telling us is it will be more expensive to buy a home next year than buying one now.
2. Growing Mortgage Interest RatesThe Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors all predict that mortgage rates will rise by next year.
3. Paying Mortgage Either WaySome people choose to rent because they are not comfortable taking on the obligation of a mortgage.
There is no escaping paying mortgage unless you want to live with your parents for the rest of your life.
In ConclusionIf buying a home this year is the right thing to do for you and your family, you’ll have substantial savings by buying sooner.
Call Catherine now at 303.506.5669.