Buying Sooner Rather Than Later To Secure The Best From The Market

Dated: 05/01/2017

Views: 302

Image title

As consumer confidence and optimism in our economy reaches a high, (according to The University of Michigan Consumer Sentiment Index, National Federation of Independent Businesses' Small Business Optimism Index, CNBC All-America Economic Survey, The Conference Board Consumer Confidence Survey) the housing market gets ready, seeing more sales as people begin to plan out their future. It is important to keep in mind that the future comes sooner than we expect, so as a consumer, you should buy sooner in the year rather than later.

Your monthly mortgage payment consists of two components, homes prices and interest rates, both of which are projected to increase as the year continues., Svenja Gudell (Zillow’s Chief Economist), Mark Fleming (First American’s Chief Economist), and Lawrence Yun (NAR’s Chief Economist) all agree that the mortgage rates are likely to climb anywhere from 4.6-5% during the year. There is no saying when the mortgage rates will start to change, which makes “earlier rather than later” a better option for the consumer, their family, and their future.

Blog author image

Julie Baldino - Owner-Managing Broker

Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....

Want to Advertise on this Site?

Latest Blog Posts

Dont Forget The

... Packing Tips For An Easier Move To Your New HomeMoving is already chaos... Now imagine that you and your crew are unloading the moving truck when nature calls. If you are anything like me,

Read More

3 Reasons To Ask Your Realtor For A Lender Referral

3 Reasons To Ask Your Realtor For A Lender ReferralYou are one in a million if you have enough cash to buy a home! For most people getting pre-approved for a home loan is one of the first steps in

Read More

The True Cost Of Not Owning A Home

There are a lot of reasons why owning is better than renting, here are a few reasons comparing the cost of not owning a home:1- The Price is so CloseRenters are facing increases everyday. With

Read More

Three Tips For Making An Offer

1- Determine a Price RangeThis should happen right before you start the homebuying process. If you don’t know how much you can afford, you will be shopping in the dark with a blank check

Read More