4 Great Reasons to Buy This Spring!

Home / Blog / 4 Great Reasons to Buy This Spring!

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.

285acded f022 402f 8b73 514de6226fb0 a420cb59 f160 4e3e 80ad 2bd632dc63f7 7be3e8c1 5330 41aa 9e2d 7fb6f1b320c6 358c086a 0eb0 4af1 b7ad 17a91fbcd743 b6eb0e6e ec45 40f4 bf7f dd7fd1135e92 53f0a67e a506 45b2 a764 11d0a5015061 ae725da5 f0ff 486d b904 5011348fddf0 110a669f c746 4008 a989 9c49ba622582 fe0acf19 d788 4ebd 8b27 6d98524e472b 2c8f4778 1ed4 4bf0 8e7d 76177d009d1a f16385e2 4bc1 48c3 bd9f 948ecf1b7185 727fc8b5 6cac 4056 8f61 0e513b813669 43b705ae 9b8b 436a a946 c412d7eb0cb4 0f49f6a0 52f1 482e a1cf 4acb5d5c23c9 53e71335 9e91 4372 b7bc 4930ece0b0fc 74f3b25a 1fae 41ba b021 d7d5cf36c7c4 e28a3900 ece0 4fea a665 16cfa59260a8 82b1666a 328a 4745 9d3f a42b2fee4d9d 8ecd4a71 87e1 4243 9e68 aa3e56925d07 c9669fca a6f5 4434 bddf fffc29f63d6f 39b066e8 1d42 4d20 b83a e1883d36f8b7 c8992070 949a 4815 befc 8d9a8e294d1b 4412704d c4df 4b74 ab62 710d17d2b3bf