4 Reasons to Buy Now

Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market! Here are four great reasons to consider buying a home today instead of waiting.

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 projects appreciation in home values over the next five years to be between 11.8% (most pessimistic) and 26.7% (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

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have started to inch up, most experts predict that they will begin to rise even more over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will be up approximately three quarters of a percentage point over the next 12 months.

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.

3. Either Way You are Paying a Mortgage

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

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 whether 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 it is 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.

45688681 267a 4d65 9c45 837bfa77fc94 1ecfb8e2 a4f6 4b65 af07 1eea253f6b04 9a95ad5f fd59 4d7d ab6b 3930371366b4 bbfe0272 e92c 495e b7ac e7d7cca20a5e dac03909 2f35 49c7 90ac ebb3c495eb4b 0ec6e415 57b3 42b5 85a0 68c99d9927a7 38c7bd5f fe1a 4a88 b99e e4aefba52974 4c885fbf 0045 427e 8d47 ab1d1189b8f6 ece28be1 6ef1 4a7b bd96 6cdc01167ef8 eed97100 592a 4257 9b11 ec62621b8821 b2fb589e 7b63 401e 91ff 6692ec25bd6f 9a969d34 eabf 4b65 a545 3af5bf061044 5284d14c 4cd6 4c58 ac65 b04109a6c344 24117deb 936d 4d6b b159 caea39a7ae4a bbeb8c49 bc5f 426f a354 aa68d6301aaa 3a5f9f4b ac25 4f7b 9400 9dfa7ecb80bf b561375f b5e8 4991 afbe 53231d2a07db 71720c75 3642 4c4d 8852 1efcb4b63f73 d5201e72 3173 4c0e a9d4 25776db24309 b0c72175 7ad0 471f bfbf 1ac7b51c0337 ebc5a217 406d 483a a133 8c989a2b4ce9 f159979f 089e 4d62 b4a3 e847d81c55a7 4a89896a e080 4c94 b5e1 26a60fafddcf