Sunday, May 27, 2012

NOW is the Best Time to Buy a Home?

• Housing affordability is the best it has been in decades.

• Nationwide, average home prices are approximately one-third lower today than at their peak in 2006.

• The cost to buy is very often less than the cost to rent a comparable property. In fact, buying is cheaper than renting in 98 out of America’s 100 major markets.

• Interest rates are at an historic low, and today’s low rates can be locked in for the next 30 years.

• The general economy appears to be improving, with employment increasing, median wages rising, and little indication of possible inflation.

• Overall, conditions indicate today may be the perfect time to buy a home.

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