René Susak

Homes for Portlanders

5 Reasons To Buy Now

Prices, mortgage rates and soaring rents all make it a very good time to buy real estate now, instead of waiting for spring.

1.  Supply Is Shrinking – Inventory is declining and finding your dream home may become more difficult going forward.  Shrinking inventory drives prices upward.

2.  Price Increases Are On The Horizon – Prices are projected to appreciate by over 25% from now to 2018.  Buyers will probably pay more both in price and interest rate if they wait until the spring.

3.  Owning A Home Helps Create Family Wealth – Whether you rent or own your home, you are paying a mortgage; your mortgage or your landlord’s mortgage.  The Fed, in a recent study, revealed that the net worth of the average homeowner is 30 times greater than that of a renter.

4.  Interest Rates Are Projected To Rise – The Mortgage Bankers Association, the National Association of Realtors, Freddie, and Fannie have all projected that the 30-year mortgage rate will be over 5% by the end of 2014.

5.  Buy Low, Sell High – We can create family wealth, as long as we follow this simple principle.  Today, real estate is selling ‘low’ compared to where it will be next year.  It’s time to buy.

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