Five Reasons to Buy a Home in the Next 5 Months

As our economic conditions continue to change, there are many reasons why potential homeowners feel they’re getting priced out of the housing market; however, while increasing interest rates and home prices bode well for the state of our financial system, many first-time homebuyers feel as if they’ve lost their chance to jump into the market. Still, even with the rise in sticker prices, some real estate experts have continued to remind potential buyers that the market has yet to completely swing in the other direction, which has left many potential homebuyers in a wonderful position to buy before the year is through.

In short, yes, home prices have increased—but they still remain far below their previous highs, which means first-time homeowners should be able to see substantial appreciation over the next few years. With this, interest rates have also grown since they hit rock-bottom during the economic collapse, but the only guarantee is that they will continue to rise, especially since the federal government is looking to end some of its housing market assistance. To combat these numbers, potential buyers need to take advantage of the current market instead of lamenting what it was one or two years ago. Renting is a viable option for many people, but as monthly rates continue to increase, purchasing a home will prove to be a much better long-term investment for the future.

Still not convinced? You don’t have to take my word for it— read more at http://on-msn.com/1x70D8M

Pam Wright | OnQ Financial | www.onqfinancial.com | 404-445-1033

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