3 Reasons to Buy a Home Now
1. The Price is Right. Although median prices have risen, most of the increase is at the low end, with moderate additions in prices higher than $400,000. And most price ranges are a good value historically.
2. It’s Cheaper to Buy than Rent. Rents have increased significantly in the Phoenix metro area and are predicted to continue to rise, albeit at a slower pace. On the other hand, buying affordability is good.
3. Mortgage rates Continue to Hover around Record Lows. This means you can qualify to afford more home, and your payments will be less. No one can say when interest rates will rise, but no one is saying they won’t soon.