Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:
Supply Is Shrinking- With inventory declining in many regions,
finding a home of your dreams may become more difficult going forward.
There are buyers in more and more markets surprised that there is no
longer a large assortment of houses to choose from. The best homes in
the best locations sell first. Don’t miss the opportunity to get that
Price Increases Are on the Horizon- Prices were expected to bounce along the bottom this winter. However, many pricing indices (examples: CoreLogic, FHFA, LPS, Case Shiller) are reporting that prices are continuing to rise.
Rents Are Skyrocketing- Rents historically increase by 3.2% on
an annual basis. A study issued earlier this year projects rent
increases of 4% for the next two years. Trulia recently reported that rents this year have actually shot up by 5.4%.
Interest Rates Are Projected to Rise- The Mortgage Bankers Association
has projected that the 30-year mortgage interest rate will be 4.4% by
the end of 2013. That is an increase of approximately one full point
over current rates.
Buy Low, Sell High- We would all agree that, when investing,
we want to buy at the lowest price possible and hope to sell at the
highest price. Housing can create family wealth as long as we follow
this simple principle. Today, real estate is selling ‘low’. It’s time to
*Sources and Stats for this blog- Keeping Current Matters, The Mortgage Bankers Association and Trulia, http://pspstcharles.wordpress.com
Thursday, November 29, 2012
Tuesday, June 26, 2012
The Boehmer Team is proud to announce that we have been named to the St. Louis Business Journal’s Highest Selling St. Louis Real Estate Agents. We are grateful to our many clients, friends and family for their business and their many referrals. Without them this amazing achievement would not be possible. With the greatest increase in sales volume on the list and the fewest years in the business, we take this accomplishment very seriously and are humbled to be in the company of the fine agents listed. We are full time, full service real estate professionals who utilize the newest marketing techniques when marketing our homes. We work with buyers, sellers and have extensive knowledge of new construction. If moving is on your mind and you are considering buying or selling a home in St. Charles County, MO give The Boehmer Team a call or visit us on the web at www.TheBoehmerTeam.com.