Many people feel that purchasing a home this year is their best choice not only from a price perspective, before prices increase further, but is also a strong long-term investment strategy.
According to the experts at Real Living Home Realty Group, if you are thinking of buying a home, this summer and fall season may be your best opportunity to buy the most square-footage for the least amount of money.
Jennifer Hamilton, director of sales at Real Living Home Realty Group, has heard the gamut of thoughts and perspectives when it comes to whether clients should buy a home now or wait. This is her opinion on the market:
“We have had a number of buyers concerned about paying too much for a home now, and what that will mean for their future investment,” she says. “Although home prices will continue to rise, so will interest rates. Around 1963, the Department of Housing and Urban Development began tracking the average values of homes over the years. Values have increased, not decreased over time.” (See Figure 3)