Have you been waiting for the “right time” to buy a home?

Are you wondering how much longer the low mortgage rates will continue?

It can be hard to believe that after the kind of housing crisis Americans have had, it is over. It may be difficult to grasp that right now would be the best time for you to buy that home you have been dreaming of.

All across the board, chief economists are saying that right now is the time to buy. In fact, they are saying, “Buy now before its too late”. There are a few reasons why so many experts agree on this advice. Let’s review three reasons why you should consider buying your next home now.

3 Reasons to Buy Your Next Home Now

  1. Mortgage Rates Will Increase
    Mortgage rates have been affordability low. According to Realtor.com, home affordability may decline as much as 10% throughout this year.

    Chief economists are describing the Federal Reserve as “patient.” However, before the end of the year, the Feds are planning on raising the target for the federal fund rate.

    What does it mean for your monthly budget to buy a home with a low mortgage rate? Or, how about in one year? Fifteen years? Or, the life of a 30 year loan? To learn how interest rates will influence your buying power, please see, Low Mortgage Interest Rate Stats You What to Know.
  1. Housing Prices Will Decelerate
    The rebound is fading. That doesn’t mean your home won’t increase in value over the next year. It will, but not as much.

    Forbes has reported the same idea that home prices will rise slowly. They reported that Zillow predicts home prices raising 2.5% this year. Realtor.com predicts a rise of between 4% - 5%.

    Nationally, many of the housing markets have returned to approximately the same values that they were in 2005.
  1. Job Growth and Consumer Confidence 
    Realtor.com reports that jobs are being created at a pace that we haven’t seen in 15 years. As confidence has returned to the job market, Americans are increasing their spending.

    The lower gas prices at the pump have supercharged consumer confidence. Saving on everyday expenses like gas is allowing Americans to increase savings for bigger purchases like a house.

    What all this means is that the housing market is finally in healthy shape. Foreclosure rates have fallen to normal levels almost everywhere. No longer will the foreclosure sales weigh down the market.


Job growth and consumer confidence, housing prices decelerating, and mortgage rates increasing are all reasons the experts are saying to buy now. The bottom line is that affordability has never been so good and may never be this affordable in the near future.

While right now is a great time to buy, it is also a great time to sell. Not only will more and more people be looking to buy, there have been many new programs made available for first-time home buyers. These new low down payment programs will propel first time buyers into the mix for the first time since the housing crisis. 

If you are a first-time buyer, you won’t want to miss, New Mortgage Programs Require Only 3% Down Payment in 2015.

If you are thinking about buying a new home or selling your current one, we would be honored to help. Please call our office at: