There may never be a better time to buy a home this year:
- Spring is traditionally the time when buyer interest picks up. Why not beat the rush?
- The California Association of Realtors predicts a 7% increase in single family home prices.
- Owning a home helps create wealth:
- Instead of rent, you can pay down a mortgage
- According to the Federal Reserve, the net worth of the average homeowner is 30 times greater than that of a renter.
- Interest rates are expected to rise –> mortgages will become more expensive.
- If you can buy low (in other words, NOW), you might be able to sell high later.