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- Home prices are climbing but not at the highs of a few years ago: Although home prices are rising from the lows of 2008, they are still not as high as the 2006 market. A market in recovery can mean significant appreciation over the next few years for homebuyers making a purchase during this time.
- Interest rates are slowly rising: 2015 is the time to take advantage of these low rates being offered.
- Rental rates are increasing: There is always the ongoing debate over whether it’s better to buy or rent and renting may be the right choice for someone who needs to be mobile or is expecting a job transfer soon. If you want to put down roots and rental rates are increasing in your area, it may be time to buy.
- Buying power: Americans have been steadily lowering their debt to income ratio, and maybe you are part of that trend as well. The lower your debt, the more buying power that comes along with it.
- Lower debt means a higher credit score: Higher credit scores mean better mortgage rates and terms.