1.) Investors are buying up houses and condos, in some instances paying entirely in cash. This is a good indicator that the market is ROCK bottom.
2.) What goes down, must go up. Homes prices are expected to rise.
3.) Good deals. Nationally, the cost of a house is the equivalent of about 19 months of total pay, the lowest level in 35 years.
4.) Interest rates are historically low.
5.) You own a real asset. If you own a home, vs a Stock you have a real asset that you can live in, rent out, or sell if you choose.
6.) Home mortgage could be less than rent. With all of the recent foreclosures, there are a lot of renters. Therefore, it is a landlord’s market.
7.) It’s forced savings.
8.) There are many homes to choose from that are priced competitively. All ready for you to call home!
9.) 64% of Americans agree. Nearly two-thirds (64%) of all respondents polled in a study by Fannie Mae think it is a good time to buy a home, and nearly one in three (31%) think now is a very good time to buy a home.
10.) Buying a home positively impacts our local economy. The National Assocation of Realtors® estimates that each home sale at the median national sales price of $173,000 generates $30,792 of economic impact, and $58,529 of economic impact when new housing is taken into account. Because of the significant economic impact a single home sale generates, the National Association of Realtors® also estimates that one job is generated for every two home sales.
For more information on buying a home in 2011, please contact Hope Dorn with ERA Wilder Realty at (803) 944-9544 or by email: firstname.lastname@example.org.
Posted by Hope Dorn