Those that have been considering buying a home for some time now, are probably wondering if now is a good of time as any. With home prices stabilizing, interest rates continuing to stay historically low and more, it does seem like a great time.
Raleigh Real Estate in 2015
In fact, many researchers and experts in the Raleigh real estate industry are thinking the same thing. Below, you'll find several reasons why buying a home in 2015 is a good idea.
Cheaper Than Renting
Rent prices have been skyrocketing in the past few years and they're showing no signs of slowing down. The reality is, with lower interest rates and home prices that are fair for both buyer and seller, many mortgage payments are significantly lower than rent.
Those that are afraid of buying a home in this economy can be rest assured, as well. The unemployment rate is better and the overall state of our economy is beginning to stabilize for the first time since 2006. It's less of a risk to buy now.
Get a Mortgage Easier | Raleigh Real Estate
There are a few exciting things about mortagages this year. Some lenders allow buyers to purchase with a down payment as low as 3 percent! There's also more trust within financial institutes now. Job security is no longer a worry and more people are able to commit to buying a home without worry of loosing it.
Stable Home Prices
As we've mentioned, home prices are no longer going from one extreme to the other. The latest S&P Case Shiller home price index shows prices increased less than analysts expected in May, but are still up almost 5% year-over-year, for residential real estate in 20 metropolitan regions across the U.S.
Low Interest Rates | Raleigh Real Estate
Though they're a bit higher than they were when we started out with this financial/economy crisis, interest rates are still at an all time low. Most are around percent and sometimes lower. It's a great time for those hoping to secure a lower interest rate. They might go up again soon, so it's important to act now if you're interested.
It's expected that the housing market is only going to get better and better as the months roll on. 2016 might be the best year we've seen compared to previous years. Home prices will only go up from here, and possibly interest rates, too. Why wait to buy when you can do so now with confidence?
Those that are ready to take a look at what's available on the Raleigh real estate market should contact our real estate agents at Roark Premier Team. We are here to help you find the home of your dreams!
Roark Premier Team | Raleigh Real Estate
Also, if you’re considering selling your home in the Triangle area, it's time to act now! Buyers are getting excited about the lower rates and ease of getting a mortgage. Don't miss out on this opportunity to sell your home!
Contact Roark Premier Team today and get started with the process of listing your home on the market! We guarantee to sell your home in 59 days or less! If we don’t, the listing fee is waived!