4 Great Reasons to Buy a Home This Spring!


4 Great Reasons to Buy This Spring!


Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point thi ...

With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year.
If you look at what the four major reporting agencies are predicting for 2016, it may make the decision for you. The chart below averages the predictions by quarter.
With the exception of Fannie Mae, the experts agree that interest rates will increase by three-quarters of a percentage point, costing you more to pay back your loan.
Bottom Line
Even a small increase in interest rates can put a dent in your family’s wealth.

by KCM Team

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Some Highlights:
The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
Freddie Mac predicts interest rates to rise to 4.8% by next year.
CoreLogic predicts home prices to appreciate by 5.3% over the next 12 months.
If you are ready and willing to buy your dream home, find out if you are able to!
Start Shopping Online:
http://www.NWHoustonAreaHomes.com

By KCM Crew ...

The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2016 will be the year that the housing market again races forward.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout this winter, supply is not keeping up.
Here are the thoughts of a few industry experts on the subject:
Calculated Risk:
“Low inventory is probably holding down sales in many areas.”
Capital Economics:
“A lack of housing inventory continues to drive developments in the market. As demand has slowly recovered, low inventory levels have weighed on home sales.”
Frank Nothaft, Chief Economist for CoreLogic:
“Many markets have experienced a low inventory of homes for sale alow ...

First Time Homeowners