The Time to Buy a Home is Now
If you’ve been on the fence about buying a house, a top economist says the time is now. Stewart Title’s chief economist Ted Jones believes we are in the perfect market for buying a home, for these five reasons:
Jobs are up. Job growth is a good indicator that the economy is improving. Jones notes that jobs in leisure and hospitality are booming, pointing to increased consumer confidence. “We feel really good about the future right now,” he says.
Interest rates are still low. Affordability is high because rates have stayed low for so long. The Federal Reserve has begun raising rates, but slowly, so now is the time to jump on the low rates.
Home prices are rising. “The quicker you purchase a home, the more home you can afford before values go up,” Jones says.
Fuel costs are down. Cheap energy costs mean many consumers can afford higher mortgage payments. Lower utility bills and affordable trips to the gas pump mean more money in the bank for housing.
Technology makes it easy. “Over the last decade, the Internet went from useful to absolutely necessary in the home-buying process,” Jones says. “New platforms and tools are being created every day to help the agent and the client operate seamlessly.”
As your real estate professional, I’d be happy to answer any questions you may have about whether it’s time for you to buy a new home. Call me today!
Five Star award recipient 2011, 2012, 2013, 2014, 2015 & 2016 honoring the top 7% of real estate professionals in Oregon.
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Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES
Diversity Specialist, HOWNW
CSA-Certified Staging Agent
Oregon First, Realtors Direct 503.380.9634
Licensed in Oregon
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