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2018-01-08 09:19:32
Could 2018 Be Your Year to Take The Home Buying Plunge?

 We've all heard that rates are going up, prices are climbing, and inventory levels will increase. 

3 Best Reasons To Buy A Home In 2018

  1. Rates are going up - After years of extremely record-low interest rates, the Fed is finally making some noticeable increases. With economic growth continuing carrying momentum, rates are anticipated to hit 5% by the end of the year. The more buyers wait, the more expensive it will get to buy—not just because of home prices, but because of inflationary pressure.
  2. Prices are climbing, but not crazily fast - Home prices have soared over the past few years. But in 2018, price increases are expected to moderate.
  3. Inventory levels will begin to increase - An inventory shortage has plagued the U.S. housing market since 2015, forcing some buyers to settle and keeping others out of the buying game entirely. But by fall 2018, the tides will begin to turn.

A lot depends on where you live, and how much you plan to finance, but these factors combined could mean 2018 will be your year to take the buying plunge.

 
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