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Tuesday, July 17, 2018

Housing Still "Buy Now"

Housing Market Still In ‘Buy Territory’!

Rents are predicted to go up significantly – again. Home prices will too. The difference is once you have a mortgage, you can pretty much fix your payment for the next 30 years. Chances are, your landlord is not going to fix rent for any comparable amount of time.

Besides the financial impact of investing in a home, there are all the benefits of living under your own roof. If you have not had the experience, now would be good!


Housing Cost Across Time

The chart is pretty self-explanatory. I remember when rates hit 18%. I was right in the middle of buying an apartment building – ouch! But that is a story for another day. Check out today’s rates. They are still really AWESOME! If you need mortgage help – let me know and I can give you a couple referrals.