According to a recent Fannie Mae Housing Survey, a vast majority of Americans want to be homeowners. There are many reasons why now is a great time to buy a home, here are a few.
1. Mortgage rates are at a record 40-year low, falling to 4.32 percent on 30-year loans. The last time mortgage rates were this low, President Nixon signed an amendment to lower the voting age to 18. That was in 1970. Low mortgage rates create instant equity opportunities for buyers.
2. Inventory! There are plenty of great properties on the market. The recent abundance of foreclosures and distressed properties are being replaced with attractive well-maintained homes that are in move-in condition. Is your gem waiting to be found?
3. Falling Home Prices. Home prices continue to fluctuate. Some geographic areas are seeing a slight increase, while others are steadily decreasing in price. There are great deals waiting to be had, but be sure you are buying a home that suits your needs and is within your means.
Today’s real estate market offers many advantages to potential home buyers. As such, it’s important to work with knowledgeable and reliable experts that can guide you through the buying process. With 21 offices across the Front Range, RE/MAX Alliance has over 800 real estate professionals ready to serve you and your real estate needs.
RE/MAX Alliance agents offer top-notch home buying, selling and relocation services to suite the needs and promote the best interest of each individual client. RE/MAX Alliance has cultivated an edge against the competition by offering well-developed, strategic programs that focus on clients, both buyers and sellers.
RE/MAX Alliance’s affiliation with Wells Fargo makes the loan process easier. Have credit challenges or the lack of savings kept you from purchasing a home or refinancing? Wells Fargo has loans that can help manage payments and bring you closer to your financial goals.
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