In the ever evolving housing market, it can be hard for buyers and sellers to know just when the right time to invest in a property is. While the chance of the market being predictable is a long shot, the near future for buyers looks promising
When it comes to purchasing a home, it is not only a big emotional decision, but it is also a giant financial endeavor. For home buyers who don’t have cash to put down on a home, the need to borrow and save can seem astronomical. In recent years, it has been increasingly difficult as wages are low and home costs have been high.
But recent news from industry leaders will have you rejoicing. Not only are home prices leveling off in most major metropolises around the country, but borrowing costs have also eased up, according to Realtor® Magazine.
Knowing the state of the housing market, as well as your own financing is a great place to start when it comes to finding the home of your dreams. If you are interested in learning more about the constant flux of the market, follow along with this blog. For more information on your loan options, contact New Penn Financial today.
Sources:
http://realtormag.realtor.org/daily-news/2014/09/26/borrowing-costs-ease-slightly-week
http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-ease-slightly-otcqb-fmcc-1147249
For more information, contact Ryan Hatleli (Branch Manager NMLS#174748) at New Penn Financial; (605) 877-3485; rhatleli@newpennfinancial.com; http://www.newpennfinancial.com/rhatltli
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