BuyerVideo March 21, 2019

When is a Good Time to Buy a House?

When is a Good Time to Buy a House?

Are you thinking about buying a home and you’re just not sure if now is the right time? I know, I get it, its so hard to know who to trust or what to believe, I feel the same way when I see the news or read the newspaper. It’s like ugggggg. It can be very scary can’t it. Well of course it is, most likely buying a home is going to be the largest investment you will ever make. Hi, my name is Casey Serafino-Lee and I am your local Realtor.

It’s a great time to buy and here’s why. *1 According to the National Association of Realtors, Interest rates are up 19.1% from this time last year, and they are anticipated to continue to go up. Also, according to the Home Price Expectation Survey, home values over the next 5 years are going to go up. Here’s an example, If you were to buy a home worth $500,000 now, in five years it would be worth almost 580,000. That’s like putting $80,000 in your pocket. So let’s ask the question again, IS IT THE RIGHT TIME TO BUY?. YES, because interest rates are rising and so are home prices.

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