Welcome to the AllIdahoFallsRealEstate.com Blog

2018-09-10 14:55:21
4 Reasons Why Fall Is A Great Time to Buy A Home!

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have already increased by half of a percentage point, to around 4.5% in 2018. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by half a percentage point to around 5.1% by this time next year.

An increase in rates will impact your monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

There are some renters who have not yet purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home which you can then tap into later in life. As a renter, you guarantee your landlord is the person building that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

 
Blog Archive
2019-02-21 11:58:34
How To List Your Home for the Best Price

2019-02-19 14:53:39
Greater Idaho Falls Association of Realtors MARCH BLOOD DRIVE

2019-02-18 13:26:32
Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

2019-02-15 10:18:25
Why Homeownership Matters Now More Than Ever

2019-02-14 11:16:28
Pre- Foreclosures on Zillow

2019-02-12 11:59:42
Thinking of Selling Your House in Idaho Falls? This is a Perfect Time!

2019-02-08 09:24:20
The Cindy Bates Group is Here for You!

2019-02-07 14:59:23
Why you Shouldn't FSBO

2019-02-06 11:38:31
Why It Makes No Sense to Wait for Spring to Sell

2019-02-05 10:54:50
Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?

2019-02-01 10:27:08
5 Reasons Idaho Falls Homeowners Throw the Best Super Bowl Parties!

2019-02-01 09:33:07
Idaho Falls, Do You Know How Much Your Home Has Increased in Value?

2019-01-30 10:53:44
Is Student Loan Debt A Threat to Homeownership? No!

2019-01-29 09:18:14
Tuesday Tid Bit! It's not too late! Jan 31, Feb 1

2019-01-28 16:19:37
Think You Should For Sale By Owner? Think Again!

2019-01-24 09:24:16
3 Things You Need in a Shifting Real Estate Market

2019-01-23 10:45:23
Do You Prefer the Charm of an Existing Home?

2019-01-22 09:47:32
Buying a Home Young is the Key to Building Wealth

2019-01-21 20:21:40
The Difference Having a Professional on Your Side Makes

2019-01-18 09:24:53
What is the Cost of Waiting Until Next Year to Buy?

2019-01-17 11:31:14
Where is the Housing Market Headed in 2019?

2019-01-16 15:21:10
Is the Recent Dip in Interest Rates Here to Stay?

2019-01-15 15:04:55
Tax Time is Upon Us

2019-01-14 22:31:46
Buying a House This Year? This Should Be Your 1st Step!

2019-01-11 12:36:18
Homeownership Remains a Huge Part of the American Dream

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.