Five Reasons Now is the Time to Buy!

posted in: Real Estate News | 0

1151641_47604281Don’t miss this wonderful opportunity to buy your dream home! Here are five reasons now is a great time to purchase a home:

  • Low interest rates! The rate on a  30-year-fixed-rate loan mortgage is averaging around 4.16%. Read more…
  • FICO Scoring Changes May Help More Qualify for Mortgages! FICO, the nation’s most popular credit-scoring system, announced it is tweaking some of the criteria used in coming up with consumers’ scores, which could help consumers save more money in qualifying for mortgages and other types of loans. Read more…
  • Inventory is up! “Inventories are at their highest level in over a year, and price gains have slowed to much more welcoming levels,” said Lawrence Yun, Chief Economist at the National Association of REALTORS®. Read more…
  • No. 1 U.S. City ranking. “Known for rich history, well-preserved architecture, a celebrated restaurant community and mannerly people, the Charleston area has been named Top U.S. City by Condé Nast Traveler 2013 Readers’ Choice Awards. This is the third consecutive year the historic coastal destination has received this ranking.” Read more…
  • Buying is cheaper than renting! According to Zillow, “In half of metros in the U.S., buying beats renting after only two years. This can be attributed to historically high rental prices that have helped skew the rent vs. buy decision toward buying for those who can afford it. So if you can afford to buy, now is the time as rents aren’t getting any cheaper!” Read more…

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