If you’ve been on the fence about buying, we’ve got some good information for you. 2016 is the year to take the plunge, and here’s why, according to CNN Money:
- The housing market will finally calm down a bit.
- More homes will hit the market. More people are listing due to appreciation, so more inventory means less competition and more selection.
- Mortgage rates are likely to rise – now may be the cheapest we’ll see in our lifetime!
- Rents are going up, and up. “Interest rates would need to rise to around 6.5% for the cost of buying to equal that of renting on a national level, according to Ralph McLaughlin, housing economist at Trulia. “
Learn more about these 4 points here – and contact us with any questions you might have!