Thinking of buying a home in Vero Beach? This special edition of the Home Buyers Guide Winter of 2019, outlines the 4 reasons to buy a home in Vero Beach this winter, 2 Factors To Watch In Today’s Real Estate Market, Where Are Mortgage Interest Rates Headed, The True Cost Of NOT Owning Your Home and much more.
Take a look at what is inside in the Home Buyers Guide in the Winter of 2029 and get it for FREE today!
What is inside the Home Buyers Guide Summer 2017
- 4 REASONS TO BUY A HOME THIS WINTER!
Prices Will Continue to Rise by 5.5% over last year as per CoreLogic’s latest Home Price Index. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. Waiting no longer makes sense. Vero Beach home prices are also on the rise and have increased by 8.2% compared to last year.
- 2 Factors To Watch In Today’s Real Estate Market
When it comes to buying or selling a home there are many factors you should consider.
Where you want to live, why you want to buy or sell, and who will help you along your
journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.
With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be over 5% by this time next year.
As you can see, beginning in June, inventory levels have started to increase as compared to the same time last year.
- Where Are Interest Rates Headed?
The interest rate you pay on your home mortgage has a direct impact on your monthly
payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily through the end of 2018 and into 2019.
Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. But, don’t let the prediction that rates will increase stop you from purchasing your Vero Beach dream home this year.
- The True Cost Of NOT Owning Your Home
Owning a home has great financial benefits, yet many continue to rent! Today, Realtor.com reported that:
“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”
Get this Winter 2019 Buyers Guide and find out the financial reasons why owning a Vero Beach home of your own makes a lot of sense.
You will find a lot more information in this NEW seasonal edition of the Home Buyers Guide for Winter 2019 by requesting one using the form below. It is FREE.
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