Affordability is Up!

Here are two great reasons to buy a home right now:  Affordability is up and interest rates are at historical lows.  Just in case you have not been paying attention, there is a proverbial clearance sale happening in real estate right now.  Additionally interest rates are still close to their lowest level in years, creating an opportunity that may be the best chance ever of owning the home you have always wanted.

Fantastic deals abound in both entry level housing as well as in upper end homes.  So whether you are looking to buy your first house or move up to that dream home, now is a great time!

Interest rates have been inching up lately and are predicted to climb higher this year.  This means that if you are using a mortgage to buy a house, your purchasing power will be reduced.

Does this mean that it is a bad time to sell?  Not necessarily.  There is quite a bit of activity going on in the housing market.  So depending on your personal circumstances, this may be the best time to sell also.

As always, if you or any of your friends or family members need any real estate advice or are ready to buy or sell, we are happy to help!

The Kennedy Team
RE/MAX equity group