The Wall Street Journal printed an article on the ten reasons to buy a home. I thought it would be worthwhile and advantageous for those people sitting on the fence to elaborate on each point made by the WSJ.
1. You can get a good deal.
Houses on the market or inventory are starting to dissipate but it remains a buyer’s market. The first half of 2012 may be the last “best opportunity” – at least for this decade to buy a home when everything is aligned in favor of the buyer. The supply of lower priced homes has significantly dropped and this segment of the market is turning towards a seller’s market.
2. Mortgages are cheap.
Mortgage interest rates have been historically low for the past two years. Many experts continue to predict that interest rates may increase starting in 2012. The house you would consider buying today will COST you more on a monthly basis if you wait later in the year. The rise in mortgage interest rates will have a greater impact on your monthly budget than the benefits of waiting for another sales price drop – if there is one.
Please pass this blog post to someone you know that may be considering buying a home in 2012.
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