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Eight in 10 adults agree that buying a home is the best long-term investment a person can make. That is according to a recent nationwide Pew Research Center survey, demonstrating the value that Americans continue to place on home ownership.
To help potential home buyers realize the dream of owning a home, Century 21 American Homes Real Estate is participating in REALTOR® Nationwide Open House Weekend on Saturday and Sunday, June 4-5. During that weekend REALTORS® across the country will hold open houses from coast to coast, aiming to focus attention on the benefits of home ownership to families, communities and the economy.
Are you thinking about buying a new home? Whether you're a first-time homebuyer or planning to move up to a larger home, now is a great time to buy. According to the Fannie Mae National Housing Survey released in September, 70% of Americans think it's a good time to buy, compared with 64% in a similar survey conducted in January 2010. Here are some reasons why: • Low interest rates. Mortgage interest rates are at very favorable levels. According to Freddie Mac, the 30-year fixed-rate mortgage rate hit an all-time low in early October-the lowest in the 40 years that Freddie Mac has been tracking rates--as did the 15-year fixed-rate and 5-year ARM. The 30-year fixed-rate mortgage averaged 4.27% for the week ending Oct. 7, while the 15-year and 5-year ARM were 3.72% and 3.47%, respectively. By purchasing now, you'll lock in a low interest rate that will benefit you for the term of your loan. • Houses are priced right. One positive result of the housing downturn is that prices are more...
The housing market is on the mend in many parts of the country, but media reports about falling prices and foreclosures may still be making you hesitate before taking the plunge and buying a new home. The truth is this: There's never been a better time to buy a home.
Low interest rates, a great supply of houses from which to choose, and motivated sellers are just a few of the reasons why now is a great time to buy. But there are many other advantages to owning a home, rather than renting. Here are just a few:
By: G. M. Filisko
You've found your dream home. Make sure missteps don't prevent a successful closing.
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