The December issue of Keller Williams Showcase Magazine features an informative article titled: “Reasons Why Now is a Great Time to Buy a Home! A Smart Buyer’s Guide to Seizing the Market.” The free magazine is available at area grocery stores or from any agent at Keller Williams Realty Northeast.
The article gives facts and statistics supporting seven reasons why it is a prime time to buy a home. Here is a synopsis of the reasons. Check out Showcase Magazine for the complete article.
1. Homes have never been more affordable. The median mortgage payment as a percent of median household income is at the lowest point in a decade.
2. Mortgage rates are at historic lows. Low interest rates keep down monthly payments and total loan costs.
3. Home prices are on the rise. Last month, the median price of a single family home in Houston climbed to its highest point ever for a November.
4. Sellers are motivated. Active listings are up double digits in the Houston market. More houses on the market, gives buyers the upper hand.
5. Financing is back Mortgage lenders are ready to make offers to qualified buyers.
6. Homeownership costs less than renting The average monthly principal and interest payment has fallen below the median rental cost.
7. The American Dream continues Homeownership is still the means to build wealth and financial stability in America.
Whether you are investing in real estate or a first time home buyer, the housing market has unprecedented opportunities for buyers. Let a Keller Williams Realty Northeast agent guide you to a successful purchase!
