Why You Should Buy a Home | League City Homes for Sale | The Bly Team | 281-823-5775
Why You Should Consider Buying a Home Right Now
Let's face it: The last few years have been difficult for homeowners. The burst of the housing bubble sent home values crashing, and the downturn of the economy brought additional financial uncertainty. With those factors looming, taking on a mortgage payment just wasn't attractive to many would-be home buyers.
However, both the housing market and economy have improved considerably in recent years. If you've been considering buying a home, here are a few reasons why you should take the plunge and take advantage of a highly favorable market.
- Rents are skyrocketing. On average, rents increase about 3.2% each year. According to a recent study from Trulia.com, 2012 rents have gone up 5.4% this year, and another study says rents will increase 4% over the next two years. Instead of paying rising rent prices, you could be paying equity toward a home you own.
- Mortgage rates are at a record low. With 15- and 30-year fixed mortgage rates at their lowest rates ever, now is a fantastic time to borrow money for a home. And with the Federal Reserve committed to keeping rates low over the next few years to stimulate the economy, these low rates will be around for some time.
- Home values are on the rise. As home inventories are shrinking and demand for homes is going up, home prices are on an upswing. In fact, the median home price in the Phoenix metro area has increased 11% since this time last year. Now is a great time to purchase a home that is very likely to gain value at an affordable price.
- Homebuilder confidence is at its highest levels in years. The National Association of Home Builders recently announced its highest level of confidence in the housing market since before the housing bubble burst in 2006.
If you're thinking of buying a home in the Clear Lake Area, The Bly Team can help you with your home search. Our knowledgeable, helpful Realtors are experts in area market conditions and can guide you to a home that fits your needs. Contact us today at (281) 823-5775 or Team@agentbly.com to get started!
**Information gathered from The Matheson Team RE/MAX Fine Properties - 888-656-4830**
Deborah Bly Selling homes in League City TX
RE/MAX Space Center
217 East Main Street
League City, TX 77573