Thursday, March 28, 2019 / by Andy Mandel
The market is shifting as we enter the spring of 2019, but it’s still an excellent time for you to buy a home, and there are four reasons why:
1. There’s more inventory on the market. If you’ve been previously dissuaded from buying due to so few homes being available, right now you have many more to choose from.
2. Interest rates have dipped. In fact, they’ve dropped roughly 0.5% since their October/November 2018 peak. Not only is it cheaper to buy, but you can also get a little more bang for your buck.
3. We’re closer to a buyer’s market now than we’ve been in the last eight or nine years. Although we’re still technically in a seller’s market, you can negotiate a better deal on any home you choose to purchase.
4. You’re paying a mortgage either way. Whether you rent or buy, you’re paying someone’s mortgage, so why not pay your own? When you buy a home, you start building equity and increasing your net worth, and you can use that equity to make other important life purchases.
If you want to get started now on your home buying journey or you have any other questions about our market, don’t hesitate to reach out to me. I’d be happy to help you.