by HOLLY HURD
The holiday season is behind us, time to focus on what exciting new
experiences 2015 can bring! If you are planning on becoming a
homeowner, or moving up to the home of your dreams in 2015, here
are four great reasons to consider buying a home now, instead of waiting until spring.
experiences 2015 can bring! If you are planning on becoming a
homeowner, or moving up to the home of your dreams in 2015, here
are four great reasons to consider buying a home now, instead of waiting until spring.
1. Prices Will Continue to Rise
The Home Price Expectation Survey polls a distinguished panel
of over 100 economists, investment strategists, and housing market
analysts. Their most recent report projects appreciation in home values
over the next five years to be between 15.1% (most pessimistic) and 32.8%
(most optimistic).
of over 100 economists, investment strategists, and housing market
analysts. Their most recent report projects appreciation in home values
over the next five years to be between 15.1% (most pessimistic) and 32.8%
(most optimistic).
The bottom in home prices has come and gone. Home values will continue
to appreciate for years. Waiting no longer makes sense.
to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Although Freddie Mac’s Primary Mortgage Market Survey shows that
interest rates for a 30-year mortgage have softened recently, most experts
predict that they will begin to rise over the next 12 months.
The Mortgage Bankers Association, Fannie Mae, Freddie Mac &
the National Association of Realtors are in unison projecting that rates
will be up almost a full percentage point by the end of 2015.
interest rates for a 30-year mortgage have softened recently, most experts
predict that they will begin to rise over the next 12 months.
The Mortgage Bankers Association, Fannie Mae, Freddie Mac &
the National Association of Realtors are in unison projecting that rates
will be up almost a full percentage point by the end of 2015.
An increase in rates will impact YOUR monthly mortgage payment.
Your housing expense will be more a year from now if a mortgage
is necessary to purchase your next home.
Your housing expense will be more a year from now if a mortgage
is necessary to purchase your next home.
3. Either Way You are Paying a Mortgage
As a paper from the Joint Center for Housing Studies
at Harvard University explains:
at Harvard University explains:
“Households must consume housing whether they
own or rent. Not even accounting for more favorable
tax treatment of owning, homeowners pay debt service
to pay down their own principal while households that rent
pay down the principal of a landlord plus a rate of return.
That’s yet another reason owning often does—as
Americans intuit—end up making more financial sense than renting.”
4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components:
the price of the home and the current mortgage rate. It
appears that both are on the rise.
the price of the home and the current mortgage rate. It
appears that both are on the rise.
But, what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide
whether it is worth waiting. Whether you want to have a
great place for your children to grow up, you want your
family to be safer or you just want to have control over
renovations, maybe it is time to buy.
whether it is worth waiting. Whether you want to have a
great place for your children to grow up, you want your
family to be safer or you just want to have control over
renovations, maybe it is time to buy.
If the right thing for you and your family is to purchase a
home this year, buying sooner rather than later could lead to
substantial savings. Give me a call or text today, I can help in your
buying and selling needs.
home this year, buying sooner rather than later could lead to
substantial savings. Give me a call or text today, I can help in your
buying and selling needs.
Holly Hurd~
Is a REALTOR with Coldwell Banker Weir Manuel
Northville, Michigan 48167
#1 Firm in MICHIGAN
hollyhurd@hotmail.com
Sell / Buy a home in Northville,Michigan register today at
www.Northvillehomes4sale.net
Holly Hurd ~Living in the Northville, Michigan area for 40+ years , Holly Hurd is graduate of Northville High School, Schoolcraft College, Michigan State then raising her own family here Holly Hurd has first hand knowledge and knows the area quite well Please feel free to contact her for all your real estate needs #homerocks #YourHomeNorthville Michigan Real EstateHomes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate#reaestatemarket #realestateforsalemi #hometown #hollyhurd #home#homesforsale #historicnorthville #buy #buyingahome #buildingahome#buyrealestate #condo #coldwellbanker #northvillemi #sellyourhome#sellingyourhome #smalltown #shop #cbwm #cbbelieves #moveinmichigan#greattimetobuy #purenorthville
Coldwell Banker Weir Manuel Blue Matter / The part of the brain that thinks about real estate
Is a REALTOR with Coldwell Banker Weir Manuel
Northville, Michigan 48167
#1 Firm in MICHIGAN
hollyhurd@hotmail.com
Sell / Buy a home in Northville,Michigan register today at
www.Northvillehomes4sale.net
Holly Hurd ~Living in the Northville, Michigan area for 40+ years , Holly Hurd is graduate of Northville High School, Schoolcraft College, Michigan State then raising her own family here Holly Hurd has first hand knowledge and knows the area quite well Please feel free to contact her for all your real estate needs #homerocks #YourHomeNorthville Michigan Real EstateHomes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate#reaestatemarket #realestateforsalemi #hometown #hollyhurd #home#homesforsale #historicnorthville #buy #buyingahome #buildingahome#buyrealestate #condo #coldwellbanker #northvillemi #sellyourhome#sellingyourhome #smalltown #shop #cbwm #cbbelieves #moveinmichigan#greattimetobuy #purenorthville
Coldwell Banker Weir Manuel Blue Matter / The part of the brain that thinks about real estate
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