
1 minute read
TABLE OF CONTENTS
4 REASONS TO BUY NOW
1. PRICES WILL CONTINUE TO RISE
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• According to CoreLogic’s Home Price Index (2016), home prices have
appreciated 6.3% over the last year. • Prices will continue to increase at a rate of 5.2% over the next year.
2. INTEREST RATES ARE PROJECTED TO INCREASE
• According to Freddie Mac’s Primary Mortgage Market Survey (2016),
interest rates for a 30-year mortgage remain at 4%. Experts predict they will start to rise over the next year.
• This will increase your monthly mortgage payment.
3. EITHER WAY YOU ARE PAYING A MORTGAGE
• You either pay your own mortgage or your landlords — take your pick!
Average Chicago Rent: $2,200 x 12 months = $26,400 x 3 yrs. $79,200
• Want to learn how much you can save by buying? Visit my website: www.bhhschicago.com/deannabarakat > Financial Tools > “Am I better off renting?”
4. IT’S TIME FOR THE NEXT STEP IN YOUR LIFE
• The cost of a home is determined by the price and current mortgage rate — both are on the rise!
• According to the latest Rent vs. Buy Report from Trulia, (2016)
homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.