The Time to Buy is Now #homeownership #realestate #investment

​If you've been considering purchasing a new home, my research shows that putting off that decision any further could cost you.  Here are a couple of key reasons that you should consider buying a home sooner rather than later:

Housing Prices are Healthy and Growing
- In fact, in 2015, prices increased 5.7 percent on average in the United States according to the S&P Case-Shiller U.S. National Home Price Index, and they're expected to continue on that trajectory.  At this rate, a $200,000 home could cost you $211,400 next year and $223,450 in just two years.

Interest Rates are Still Low
- According to Freddie Mac, the average rate on a 30-year mortgage in 2015 was just 3.85 percent.  If you had a $200,000 mortgage at this rate, your payment would be $938 a month.  However, the Federal Reserve may raise rates in the near future.  At 8.90 percent, which is the historical average interest rate, your payment would be $1,595.  That's a potential increase of $657 a month!

My commitment to supplying you with the relevant economic data you need is the key to finding your new home.  Contact me to begin your home search.

Felicia Jones, REALTOR
Keller Williams Realty, BRE# 01977033
310.900.9984
homesbyfelicia@kwrealty.com
http://feliciajones1.kw.com

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