{"id":2330,"date":"2018-06-04T10:00:38","date_gmt":"2018-06-04T10:00:38","guid":{"rendered":"https:\/\/thezakariagroup.com\/4-reasons-why-summer-is-a-great-time-to-buy-a-home\/"},"modified":"2018-06-04T10:00:38","modified_gmt":"2018-06-04T10:00:38","slug":"4-reasons-why-summer-is-a-great-time-to-buy-a-home","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/4-reasons-why-summer-is-a-great-time-to-buy-a-home\/","title":{"rendered":"4 Reasons Why Summer Is a Great Time to Buy a Home!"},"content":{"rendered":"
\n

\"4<\/p>\n

Here are four great reasons to consider buying a home today instead of waiting.<\/span><\/p>\n

1. Prices Will Continue to Rise<\/strong><\/h4>\n

CoreLogic\u2019s\u00a0<\/em>latest\u00a0Home Price Insights<\/a><\/em>\u00a0reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year.<\/p>\n

Home values will continue to appreciate for years. Waiting no longer makes sense.<\/p>\n

2. Mortgage Interest Rates Are Projected to Increase<\/strong><\/h4>\n

Freddie Mac\u2019s\u00a0Primary Mortgage Market Survey<\/a><\/em> shows that interest rates for a 30-year mortgage have increased by half a percentage point already in 2018 to around 4.5%. Most experts predict that rates will rise over the next 12 months. The\u00a0Mortgage Bankers Association, Fannie Mae, Freddie Mac\u00a0<\/em>and the\u00a0National Association of Realtors<\/em>\u00a0are in unison, projecting that rates will increase by nearly a full percentage point by this time next year.<\/p>\n

An increase in rates will impact YOUR monthly mortgage payment. A\u00a0year from now<\/a>, your housing expense will increase if a mortgage is necessary to buy your next home.<\/p>\n

3. Either Way, You Are Paying a Mortgage<\/strong><\/h4>\n

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are\u00a0paying a mortgage<\/a>\u00a0\u2013\u00a0either yours or your landlord\u2019s.<\/em><\/p>\n

As an owner, your mortgage payment is a form of\u00a0\u2018forced savings\u2019<\/em>\u00a0that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.<\/p>\n

Are you ready to put your housing cost to work for you?<\/em><\/p>\n

4. It\u2019s Time to Move on with Your Life<\/strong><\/h4>\n

The \u2018cost\u2019<\/a> of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.<\/p>\n

But what if they weren\u2019t? Would you wait?<\/p>\n

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.<\/p>\n

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.<\/strong><\/h4>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic\u2019s\u00a0latest\u00a0Home Price Insights\u00a0reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year. Home […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n4 Reasons Why Summer Is a Great Time to Buy a Home! - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/4-reasons-why-summer-is-a-great-time-to-buy-a-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Reasons Why Summer Is a Great Time to Buy a Home! - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Here are four great reasons to consider buying a home today instead of waiting. 1. 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