Home ownership remains at the core of the American Dream
A recent Fannie Mae study reveals that the majority of Americans
still aspire to own a home—and for good reason. Owning a home
is critical to financial stability and wealth building. A home serves
as a forced savings account and provides a solid asset, as well as a
place to live. Despite the recent market upheaval, the vast majority
of Americans still consider home ownership to be important to the
economy and preferable to renting. Since the end of World War
II, promoting home ownership has been high on the list of the
federal government’s priorities, and will continue to be so. For more
reasons why now is prime time to buy a home, contact me and I’ll
send you a free ebook.
Ownership costs are dropping below rental costs!
The recent downturn in the housing market resulted in a drop in
rental rates, but rents are back on the rise while the cost of home
ownership has dropped. As average apartment rental rates have
slightly decreased, the decline has been moderate in comparison to
home values, which have declined nationwide by 30 to 40 percent
since the peak of the housing boom. For more reasons why now
is prime time to buy a home, contact me and I’ll send you a free
ebook.
Lenders are back in the game.
While the final quarter of 2009’s financial meltdown led to a sense
that financing had dried up, mortgage funds are now available.
“If you have a job and can afford the payment, chances are you’ll
qualify for a mortgage,” says David Reed, author and mortgage
banker. For more reasons why now is prime time to buy a home,
contact me and I’ll send you a free ebook.
Sellers are motivated!
When supply exceeds demand, buyers have the upper hand—and
that’s where we are now! The current supply of homes for sale now
stands at 12.5 months, meaning that at today’s pace of home sales,
it would take twelve and a half months for the existing inventory
to sell. For you as a buyer, this means lots of choices, lots of
negotiating power, and that smart sellers are fiercely competing for
your business, both in terms of the price and the condition of their
homes. For more reasons why now is prime time to buy a home,
contact me and I’ll send you a free ebook.
Home prices are trending back up.
Every major price index points to a housing market that has hit
bottom and is moving in a positive direction. After thirty months
of declining values, home prices appear to be stable or appreciating
in nearly every U.S. market. In August of 2010, the median home
price was $182,600, amounting to an 11 percent increase over the
low that was reached in February of 2010 at $164,000. Staying on
the fence and waiting for prices to drop further is OVER! For more
reasons why now is prime time to buy a home, contact me and I’ll
send you a free ebook.
Mortgage rates are at rock bottom and won’t stay there forever!
The national average on a 30-year fixed-rate mortgage dropped to
4.36 percent in August 2010—lower than it’s been in the past half
century. Interest rates for the same time last year averaged 5.19
percent, representing a difference of $90 in the monthly payment
on a $200,000 home with 10 percent down, as well as a savings
of $32,460 over the life of the loan. For more reasons why now
is prime time to buy a home, contact me and I’ll send you a free
ebook.
Buyers have the edge!
According to Lawrence Yun, chief economist from the National
Association of REALTORS®, “Home buyers over the past year got a
great deal, and buyers for the balance of this year have an edge over
sellers. Affordability could reach a generational high in the second
half of this year because of rock-bottom mortgage interest rates,
helped partly by the Fed’s very accommodative monetary policy.”
For more reasons why now is prime time to buy a home, contact me
and I’ll send you a free ebook.
It’s prime time to buy a home!
I just read a great ebook called “7 Reasons Why Now Is a Great
Time to Buy a Home!” It’s filled with positive, exciting information
to help buyers seize the incredible market opportunities available
to them right now. Over the next seven weeks, I’ll be sharing key
excerpts from this ebook with you in my blog.
For a free copy of this ebook, contact me and I’ll send it your way.
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