Thinking of buying your first home? Or maybe you are thinking of selling you home to buy a new one. But . . . is NOW a good time to buy a home?
There are two questions you need to ask yourself.
- Do I think home values will be higher a year from now?
- Do I think mortgage rates will be higher a year from now?
From a purely financial standpoint, if the answer is YES to either one of these questions, you should strongly consider buying now.
If the answer is yes to BOTH questions, then you should definitely buy a home now!
There are no guarantees, but experts seem pretty certain that the answer to both is Yes.
There are many things to consider when buying a home, but from a purely financial aspect, if you find a home that meets your needs, it makes much more sense to buy now than waiting.