The following was sent to all members of the Ebby Halliday Companies today by President & CEO Mary Frances Burleson:
This could be the best time in a generation to buy a home. Here’s why:
Housing affordability is the best it has been in decades.
Nationwide, average home prices are approximately one-third lower today than at their peak in 2006.
The cost to buy is very often less than the cost to rent a comparable property. In fact, buying is cheaper than renting in 98 out of America’s 100 major markets.
Interest rates are at an historic low, and today’s low rates can be locked in for the next 30 years.
The general economy appears to be improving, with employment increasing, median wages rising, and little indication of possible inflation.
Overall, conditions indicate today may be the perfect time to buy a home.