
1 minute read
WhyBuyNow?
Prices Will Continue To Rise
A recent Home Price Index from CoreLogic reported that home prices nationwide increased 3.1% in March 2023 compared with March 2022. The CoreLogic HPI forecasts that home prices will increase on a year-over-year basis by 4.6% from March 2023 to March 2024.
Mortgage Interest Rates Are Expected To Increase
Even a small increase in interest rates can put a dent in your buying power. While rates for a 30-year fixed-rate mortgage have hovered in the 5-7% range, experts at reporting agency Freddie Mac predict rates will continue to increase.
BUY OR RENT, YOU ARE PAYING A MORTGAGE
Homeowners and renters both pay a mortgage payment each month, however renters are paying someone elses mortgage. Buy a home to build your own wealth instead of your landlord's!
RENTS ARE SKY-HIGH
According to ATTOM Data Solutions' 2023 Rental Affordibility Report "rents have risen faster than home prices over the past year in roughly half the nation."