Why 2016 Is The Year To Buy A Home

By
Managing Real Estate Broker with Regal | Christie's International Real Estate BK659279 

If you've been on the fence about buying a home,

this may be the year to take the plunge...

 

Mortgage rates have been bouncing around record lows, but even though they're starting to go up, you haven't missed your chance.  

If you've been on the fence about buying a home, 2016 is the year to take the plunge according to CNN Money and Kathryn Vasel in her December 4, 2015 article on CNNMoney.com titled   "4 Reasons 2016 is the year to buy a home" 

 

1.  Home prices will finally calm down

Prices will continue to rise, but are expected to rise at a slower pace, giving buyers an

opportunity to jump in.  

 

2.  More Homes are expected to hit the market

More owners are expected to list their homes, and the new home market is also expected to grow in the coming year which will boost inventory levels.

 

3.  Dirt Cheap Mortgages Could Disappear

The Fed is expencted to begin increasing interest rates which means the window for record low mortgage rates is closing in.  

 

4.  Rents will still Rise

Rent prices are expected to continue to climb in  2016, which means buying a home will be cheaper than renting.  

 

Read the entire article here: why 2016 is the year to buy a home

Posted by

Regal Christie's International Real Estate  Joyce Marsh Certified Luxury Home Marketing Specialist   Joyce Marsh Institute for Luxury Home Marketing Member     Joyce Marsh Million Dollar Guild Member Institute Luxury Home Marketing  Joyce Marsh 5 Star AgentDupont Registry Elite Agent

 

Joyce Marsh, Regional Manager Florida

Regal Christie's International Real Estate

386-299-8291   JoyceMarsh@RegalRealtyOrlando.com      

www.RegalRealtyOrlando.com   

                                  

Copyright 2008-2019 Joyce Marsh.  All Rights Reserved.  Information from sources deemed reliable, but not guaranteed. Nothing contained herein to be considered legal advice, please consult your Attorney for advice. 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Julius Schoenherr 01/04/2016 09:54 AM
  2. BBS Berezney Business Systems LLC 01/26/2019 06:03 PM
Topic:
Home Buying
Location:
Florida Volusia County Port Orange
Groups:
1st Time Buyers
Orlando Homes For Sale in Central Florida Real Estate
Central Florida
Buyer Information - What Buyers Need to Know in Today's Market
Tags:
home buying
home buying tips
joyce marsh homes

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Rainmaker
206,170
Sophia Lin
Intero Real Estate Services - Sunnyvale, CA
Sunnyvale CA Real Estate Specialist

Hi Joyce, those are some great points on "why to buy in 2016", especially because the interest rates are still sooo good despite the fact they creeped up just a wee bit.

Jan 04, 2016 10:00 AM #1
Rainmaker
3,204,954
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Joyce these are all good point, what I am always afraid in my market that the prices will continue to climb and it will shrink the buying power and the first time buyers will have to settle for less than what they could have bought last year and the year before....Endre

Jan 04, 2016 11:06 AM #2
Rainmaker
536,538
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

It would be nice to see some inventory come back on the market.  We have been without for a while now.  mark

Jan 04, 2016 01:29 PM #3
Rainmaker
80,003
Linda Guess
Keller Williams Tri-Lakes Branson, MO - Branson, MO
Branson area real estate sales.

This is good information.  We have plenty of inventory in Branson.

Jan 15, 2016 11:22 AM #4
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Joyce Marsh

Regional Manager Regal Christie's Int'l Realty
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