Tyler Minges Home Buyers Guide 2017 Home Buyers Guide | Page 6

3 | WHY BUY A HOME NOW?
WHY BUY A HOME NOW?
HOME PRICES WILL CONTINUE
TO RISE IN THE COMING YEAR BUY OR RENT, YOU ARE
PAYING A MORTGAGE
Home prices continued their upward trend in 2016
and are forecasted to continue rising in 2017. Looking
forward to next year, nationwide home prices are
expected to climb another 5% in many parts of the
country. 4 Homeowners and renters both pay a mortgage payment
each month, however the one renters pay isn’t theirs.
Buy a home to build your own wealth instead of your
landlord’s!
MORTGAGE INTEREST RATES
ARE EXPECTED TO INCREASE RENTS CONTINUE TO RISE
ACROSS THE COUNTRY
Even a small increase in interest rates can put a dent
in your buying power. By the end of 2017, expect the
average 30-year fixed rate mortgage to rise to 4.5%. 5 Rents are accelerating at a more rapid pace than home
prices making it more affordable to buy a home in more
than three-quarters of the U.S. than it is to rent. 3
Tyler Minges, HUFF Realty | BUYER’S GUIDE TO REAL ESTATE