Friday, 21 July 2017

Can You Afford to Wait to Buy a Home?

Written by Posted On Monday, 19 December 2016 16:56
www.partnersrealestatemn.com
 
Keller Williams
THE TIME TO BUY IS NOW
If you've been considering purchasing a new home, our research shows that putting off that decision any further could cost you. Here are a couple of key reasons that you should consider buying a home sooner rather than later:
Housing prices are healthy and growing. In fact, in 2015, prices increased 5.7 percent on average in the United States according to the S&P Case-Shiller U.S. National Home Price Index, and they're expected to continue on that trajectory. At this rate, a $200,000 home could cost you $211,400 next year and $223,450 in just two years.
Interest rates are still low. According to Freddie Mac, the average rate on a 30-year mortgage in 2015 was just 3.85 percent. If you had a $200,000 mortgage at this rate, your payment would be $938 a month. However, the Federal Reserve may raise rates in the near future. At 8.90 percent, which is the historical average interest rate, your payment would be $1,595. That's a potential increase of $657 a month!
Our commitment to supplying you with the relevant economic data you need is the key to finding your new home. Contact us today to begin your home search.
 

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Ryan Hardin REALTOR®/BROKER SRES

Keller Williams Realty Integrity NW
BROKER/REALTOR
763.441.2248
612.860.6177
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Copyright 2016 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. 
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Ryan Hardin

As I licensed real estate broker in Minnesota with Partners Real Estate MN Team at Keller Williams Realty Integrity NW & KW Commercial NW.We are happy provide the full service real estate experience you are looking for.

Whether it's buying, selling or leasing residential or commercial real estate I am always here to provide the best service possible with honest direct communication.

Contact Ryan Hardin today at 612-356-2002 or 612-860-6177.

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