For those of you who happen to be planning on buying a home -or even just trying to-there's a whole lot to celebrate. Why? A variety of financial directions have united to make this the perfect storm for home buyers to get out there and make an (winning) offer. Here are five home-buying reasons to buy now!
Reason No. 1: Interest rates are still at record lows
Even though they may creep up at any moment, it's nonetheless a fact that interest rates on home loans are at historic lows.
Reason No. 2: Rents have skyrocketed
Another reason home buyers are lucky is that rents are going up, up, up! In fact, rents outpaced home values in 20 of the 35 biggest housing markets in 2019 including Florida.
Reason No. 3: Home prices are stabilizing
For the first time in years, prices that have been climbing steadily upward are stabilizing, restoring a level playing field that helps buyers drive a harder bargain with sellers, even in heated markets.
Reason No. 4: Down payments don't need to break the bank
Probably the biggest obstacle that prevents renters from becoming homeowners is pulling together a down payment. But today, that chunk of change can be smaller, thanks to a variety of programs to help home buyers including no money down programs.
Reason No. 5: You'll reap major tax breaks
Tax laws continue to favor homeowners, so you're not just buying a place to live-you're getting a tax break
Allow me to help you celebrate home ownership. I can be reached via email, phone or text right now!