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4 Great Reasons To Buy A Home This Spring

4 Great Reasons to Buy This Spring!

4 Great Reasons to Buy This Spring! | MyKCM

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage 

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

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.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if 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 now is the 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.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Christa Ross and Keeping Current Matters, Inc. do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Christa Ross and Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Planning to buy? Get your search of homes for sale in Pittsburgh started here.

Are you relocating to the Pittsburgh area? I can make your move stress-free, offer insight about the area and help you find the perfect home. Give me a call at (724) 309-1758.

I’m here to help guide you through your home buying or selling experience. Connect with Me Today!

Let me help you explore our communities, as a local expert I can give you the rundown on the benefits, trends and hot spots of the area.

By |2019-02-20T15:20:22+00:00February 20th, 2019|Blog Post - Buying|0 Comments

About the Author:

Christa Ross is a REALTOR with RE/MAX Select Realty. Based in the East End office in Pittsburgh’s East Liberty neighborhood, she works in the city of Pittsburgh and the Eastern and Northern Suburbs. As a Certified Residential Specialist (CRS) with 10 years of experience, she is among the top 3% of real estate agents in the country and a RE/MAX Hall of Fame Member. Whether you are all about a trendy condo in the city, a grand old home on the Northside, a recent renovation in Lawrenceville or a sweet suburban address, if you are buying or selling a home, or relocating to the Pittsburgh area, she is the real estate agent you should be working with. Real Estate Experience That Moves You. Get in touch by calling 724-933-6300x214 or direct at 724-779-1437.