2016 is the year to buy a home!

exterior2

 

According to many different resources, 2016 is the year to buy a home! If you were thinking of making the switch from renting to owning, this is the time to do it. One of the biggest reasons is the shocking increase in rent nationwide. This is great news if you are a potential home buyer, but not so great if you are currently renting. Statistics show that approximately 90% of property managers raised their rent in the last year alone nationwide. What’s worse is that there is an 8% hike that is predicted to occur in 2016.

Other factors…

If you are looking to buy a home this year, don’t waste time! Interest rates are STILL at a record low rate. A 30 year fixed rate is ranging right around 4%. By locking in a low rate you could save tons of money over the life of your mortgage. There are so many different options for your down payment as well, so you don’t need to save for years and years to be able to buy. There are plenty of benefits and reasons to buy a home this year. For the entire list please read the article below. For any additional questions you can call me at (619) 890-5800. I enjoy giving people the facts and crunching numbers for potential home buyers. If you want a clear picture of what the houses are selling for in a particular area, or any additional information, don’t hesitate to ask!

http://www.realtor.com/advice/buy/reasons-to-buy-home-in-2016/