The Main Reason You Should Not Wait to Buy

The Joint Center for Housing Studies at Harvard University recently released their 2015 State of the Nation’s Housing report. The report concentrated on the challenges renters in this country are facing because of the diminishing supply of quality rental units and dramatically escalating rents.

However, there was also information buried within the report that revealed that now is definitely the time to buy your first home or move-up to the home of your family’s dreams. With home prices still below peak values and mortgage rates still near historic lows, the monthly mortgage payment on a median priced home is less than at almost any time in the last 25 years.

Here is a graph which helps visualize the data from the report:

Median Mortgage Payment | Simplifying The Market


With home prices increasing and mortgage rates projected to increase, now is the time to buy.

738ba585 e54e 4888 9c31 0cb363e3f829 a221cc99 06db 4835 ad6a ad511f96133e 4db0deed 11ba 4b62 afeb a22e8257ab09 2cec30a2 f2ef 4b85 8bc4 d5376824a5da 7579462d 59b9 41cc 899b 75264b208e0d 62b54948 520d 48c8 9805 70e0e03ad4ad 8f0bde12 81e1 4d0d 9b3a 87a4c97e2ad5 b078d57e bb8c 46b5 97dc 523ecb1ec60e 2b0d5571 1367 4664 b6f5 b32870aff330 aacb327c e7a7 484d 85e1 b7179abb0289 6142e228 c618 4717 a42c ef27b00776a3 3bf3889b ce68 4c36 9f5e 8edc82a2b00d 9262cb6c 0dcc 4c5a b92c ec6c0f521a9f 9a7a84c5 eda7 4afa 9a49 6a8c6d07357c ac411834 9fe3 42d9 a098 5ec9d8425504 6afd73ad 9341 4a92 8a63 52f45f873686 d20f70b2 07f8 4915 a84f bbddc3584da6 3e2d4cb3 677a 4b16 a027 ca32477b38ae a00ba57e 33c3 4c52 90aa b44e6e55b5db 17ea92be b85a 47a4 8c19 383bfc323e99 12ef128b 6e43 4e1e bf64 ed70420d5a70 2e066d18 0c2a 4482 984d 7241f4ac89d3 661833ae 01eb 4791 aaa7 7f4de9625b6d