Many people often ask if it is smart to purchase a new home in today's market. Because of the recession and the economic difficulties experienced around the ฝากขายบ้าน world, it is hard to consider buying a home as a smart decision. Nevertheless, even in today's market, it could still be considered smart to buy a new home. According to the National Association of Realtors', homes are affordable now, which means that if you buy within your budget, you will not be stretching each month to make your mortgage payments.
Buyers should realize that the housing market, just like any other market, has its ups and downs and home ownership has a record unmatched by any other purchase when it comes to real benefits. In spite of the turmoil in mortgage, if you have good credit and a steady income, you can find mortgage at good rates and some are running at historically lows. Today is still a good time for buyers to buy their first home or move to the home of their dreams. Considered as a buyer's market, home buyers have more options in the number of homes available and home features as well. Home ownership is still one of the best investments even in today's economy.
Although foreclosures are up, there are still thousands of homeowners trying to sell their homes before foreclosure, as well as those moving and having difficulties in selling. Moreover, there are still a lot of new constructions and builders could offer certain discounts on new homes. Today, mortgage rates are low, with an average of 4.96 percent for a fixed year rate mortgage. There are also tax credits made available for those buying a home for the first time.
Over the years, the real estate remained consistently appreciated despite the periodic adjustments in the local markets in response to the situation in the economy. When it comes to the national level, home appreciation has increased dramatically, from five to six percent annually. Rates could get high in the years to come since the real estate market is unpredictable. Home ownership is probably one of the easiest ways to acquire wealth. Three of four people have more home equity than assets in stocks, retirement funds and savings. Although there is no guarantee that your home will appreciate, in time it generally will. In the long term basis, you can definitely count your home to appreciate.
If you are thinking of delaying a home purchase to time the market in order to get the best deal, that is very difficult to do with precision. Even if you are in an area with low market prices, even the most knowledgeable experts could not anticipate the flow of the real estate market. Today is a great time to buy new homes since properties are more affordable and there are more options and you could easily get a great deal. Nonetheless, you still have to weigh your options well before you proceed in buying a home in the market today.
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