4 Great Reasons to Buy This Spring!

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 Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

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

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage — either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that 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 cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are 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 renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.


4198a29a d044 45ed b566 5c238c5b4e31 14e17051 8c7b 42e8 b5ac 7127e75fb2eb 4404c0e0 f3a2 468f bb3e e97cad9f45f5 ed7dbde4 7693 4afa 8627 8d019a6724fc fc86686e 2630 4ef3 9bbc 18baf9c120e7 10efca0d 8192 4ff8 a585 0c77577d33ea 0a207291 bc10 4a49 aab7 483b26b69b9d 42a6b9b7 a91d 4918 9712 4b30809bfd4e fe9eb4e1 2d9b 4545 b2e4 391dc894672b 43565637 e92c 4991 9ee4 165e61fe71e9 de6c9e5c a941 42c2 8f97 5f7410a297bf 750ddb39 9466 4d88 bae5 6ddf01ef2ba6 615956d5 67f2 4372 ab33 366da77d2a37 47e319a0 5449 4d87 9a3f 674df70b45c8 3b72cc6d c68d 409c aa68 4bca4b7dc534 1194c006 cbab 4840 bb82 d87be01aa421 7f673c40 c960 4174 bd57 05a709865584 0b83a143 8a31 4b47 91a1 3d54b3c71478 878db4d9 404f 4cb2 a41f 2e205fe40798 600e3d4a e809 49bb a215 4bcbf7867723 73dbf514 3337 4185 b75a f690a808b505 049ba099 ee6a 4fe8 a6bf 56a1cde4f3c1 a94eb998 17cb 4a13 8da6 6d267dd1a069