Thinking about buying your first home, or perhaps upgrading from your current place?
Thanks to the current economic climate and game-changing technology in the housing market, now is the perfect time to take the plunge.
Low interest rates
Lenders are giving buyers mortgage rates that are extremely enticing— depending on your credit you can still get a mortgage below 4.0%. There’s a good chance these are the lowest mortgage rates we’ll see in a long time, which means affordability is at a high.
Prices are on their way up
Mortgage rates may be low, but housing prices are getting higher and higher because of the pressures of demand—prices increased 5.1% year-over-year in November 2015. If you’re thinking about buying, delaying a few years could lead to a higher purchase price, or getting less home for your money.
A great job market
The United States added 2.65 million jobs in the last year. There’s increasing job security and available work, leading to high consumer confidence.
Technology makes buying simpler
Along with listing websites, like REColorado, there are an increasing number of websites and apps, likemy mobile app, that simplify the process and make it easier to shop around for homes and mortgages.
Lower gas and energy prices mean more money in your pocket and more purchasing power. The money you’re not putting into your gas tank or toward your utilities can instead go toward saving for a down payment or affording a bigger monthly mortgage payment.
As your REALTOR®, I will guide you through the home selling or buying process. Let me help you sell or find your new Denver home. Call me today at 720.675.7355 or email me at donnahansenion (@) gmail.com.