Below are 4 reasons why right now may be the best time to buy a home...year over year in January, San Diego detached homes increased near 10%, condos and townhomes up to 17%...
1. Interest rates: With 30-year interest rates hovering under 4 percent and 15-year rates under 3 percent, these are tremendous times to be able to purchase a home at a decreased value with a fixed, low-interest rate payment.2. Low prices: Record-low interest rates and slumping home values have combined to push the state’s housing affordability index to a level matching record highs set in 2009, the California Association of Realtors is reporting. Read Here
3. Return on investment: Buying now could reap better returns than the financial markets. If you have significant amounts of money stashed in bonds and money market funds, you're probably sick and tired of our historically low interest rates, and on the flip side, if you're also in the market to buy a home, you can put these low rates to work for you by making your move now.
4. Securing a loan: Banks are now becoming more willing to lend money than they were two years ago. There are many loan programs available to buyers that may be tailored to your resources.
Feel free to call me for a free consultation and see if now might be a great time for you to buy or sell a home in San Diego. Contact:
David Demangos
858.232.8410
Email David@DemangosHomes.com
I go to Extremes to fulfill your Real Estate dreams!
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