Yes. Arguably, now is the best time to buy a new home. Interest rates haven’t been this low in modern history and new home prices are very attractive. Although, homeownership is a very personal decision, if your particular circumstances are such that you’re thinking of buying, now is the time. Historically, homeownership has been the cornerstone of most people building their personal wealth. Housing has been seen as a good long-term investment. Although home values do fluctuate, when you look at a home long-term, you’ll generally find appreciating prices. As home prices begin to stabilize across the nation, the more normal and traditional real estate value cycles will become more evident. In addition to tax advantages perhaps one of the most important (and often overlooked) benefits of homeownership is quality of life. Your home serves as the back drop for everyday life. A quality new home in a great location provides a better back drop for the rest of your life. Whether it’s less maintenance, or better schools, or a new baby, or even wanting to downsize, the right new home offers you and your family any number of benefits.
If you need a new home, and your situation enables you to do it, now is the best time to buy.
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