Buying a Home With The South Bay Team Fejeran Lyon 1 | Page 4

4 REASONS TO BUY YOUR HOME NOW! Here are four great reasons to consider buying a home today instead of waiting. 4 REASONS TO BUY YOUR HOME NOW! 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, Here are four great strategists,to considermarket analysts. Their most recent report waiting. investment reasons and housing buying a home today instead of released recently projects appreciation in home values over the next five years to be between 9.4% 1. Prices Will Continue to Rise (most optimistic). (most pessimistic) and 30.8% The Home Price Expectation Survey polls a distinguished panel of over 100 economists, The bottom in home prices has come and gone. Home values will continue to appreciate for investment strategists, and housing market analysts. Their most recent report released years. Waiting no longer makes sense. recently projects appreciation in home values over the next five years to be between 9.4% 2. Mortgage Interest Rates Are Increasing (most pessimistic) and 30.8% (most optimistic). Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise The bottom in home The Mortgage Bankers Association, Fannievalues will continue to appreciate for prices has come and gone. Home Mae, Freddie Mac and the National later this year. years. Waiting no longer makesin unison projecting that rates will be up almost a full percentage Association of Realtors are sense. point by the end of next year. 2. Mortgage Interest Rates Are Increasing Although An increase in rates will impact YOUR monthly mortgage payment. Your housing expense for a Freddie Mac’s Primary Mortgage Market Survey shows that interest rates will be more a year from now if a mortgage is necessary to purchase your next home. 30-year mortgage have softened recently, most experts predict that they will begin to rise KEEPINGCURRENTMATTERS.COM 1 later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National www.SouthBayTeam.com Association of Realtors are in unison projecting that rates will be up almost a full percentage [email protected] point by the 310.545.5511 Office end of next year. 310.345.1239 Julie Cell CalBre: 01217478/01717819 An increase in rates will impact YOUR monthly mortgage payment. Your housing expense 310.702.6999 Sheri Cell will be more a year from now if a mortgage is necessary to purchase your next home.