Jun 5 2015 Number 1 Reason To Buy Right Now

Jun 5 2015 Number 1 Reason To Buy Right Now

The #1 Reason to Buy Right Now – THE MONEY!! | Simplifying The Market

The #1 Reason to Buy Right Now – THE MONEY!!

   First Time Home Buyers, For Buyers

People often ask whether they should buy a home now or wait. Recently released data suggests that waiting may not make sense as prices seem to again be on the rise. Let’s take a look at some of the data and commentary on the subject:

Ed Stansfield, chief property economist at Capital Economics:

“The current tightness of supply conditions would normally be consistent with much faster price growth. The continued steady growth in home sales that we expect this year will only add to this upward pressure on prices.”

Case Shiller Home Price Index

“The S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a 4.1% annual gain in March 2015 … with a 0.8% increase for the month.”

Anand Nallathambi, CEO of CoreLogic

“All signs are pointing toward continued price appreciation throughout 2015… Tight inventories, job growth and the impact of demographics and household formation are pushing price levels in many states toward record levels.”

Danielle Hale, Director of Housing Statistics at NAR

“Even without further acceleration, the pace of price growth remains too high. Strong buyer demand and low inventories coupled with relatively low new construction are helping to push prices up, keeping the housing market tipped in favor of sellers.”

FHFA Principal Economist Andrew Leventis

"The first quarter saw strong and widespread home price growth throughout most of the country. Home prices are now, on average, roughly 20 percent above where they were three years ago. This run-up has been historically exceptional and is particularly notable in light of the limited household income growth and modest rate of overall inflation observed during that same time period."

Bottom Line

If you are planning on buying a home in the near future, waiting probably doesn’t make sense from a purely pricing standpoint.




Robin Luigs-Wollan Headshot
Author:
Phone: 561-706-3324
Dated: June 5th 2015
Views: 631
About Robin: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Home Inspections - No Perfect Home Exists: What You
Getting Ready To List - Eight Must-Do's Before You List
HOA Meeting Basics - HOA Meeting BasicsWRITTEN BY
IN FLORIDA OWNING BEATS RENTING - LOS ANGELES – July 27, 2017 –

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Southeast Realty Equities, Inc.
150 E. Palmetto Park Rd, Suite 800
Boca Raton, FL
561-945-8031


Other Locations