The stars seem to be aligning in home buyers favor lately. If you have considered moving to a new home now may be a perfect opportunity to do so. Here are a few reasons to consider:
1. Home prices are still really good. The housing market peak was in 2006 and current home values are nearly 30% below those highs.
2. Interest rates are at historical lows and banks are loosening up and lending money again.
3. Buying a home can be more cost effective than renting right now. I recently heard that a mortgage of about $140,000 has smaller payments than the average renters payments. (Read between the lines: homes in that price bracket are flying off the market. They are often seeing multiple offers and do not stay on the market long)
4. The economy is slowly improving and companies are slowly hiring again. Slow and steady wins the race, right?
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