The real estate market comes and goes each year and every expert has an
opinion. Should you buy now, or wait until Spring? Winter typically isn’t the
busiest time for Boston
Real Estate but don’t let that keep you from buying now. Even though mortgage rates are set to go up
soon, you still haven’t missed your chance on a deal of a house. Here are some
reasons to consider buying now instead of waiting.
Prices will continue to rise. Home
prices have appreciated by 3.5% per CoreLogic
comparing September 2018 to September 2019. The same report predicts that
prices will continue to increase at a rate of 5.6% or more next year.
Mortgage Interest Rates will
increase. Most experts are predicting that rates will rise
over the next 12 months. The longer you wait, the higher the rates.
Pay your mortgage, or your
landlords? Either way you are paying a mortgage, you might as
well be benefiting from that mortgage payment by building equity.
The bottom line:
Contrary to popular belief, Winter is a great time to buy a Boston home.
If you are searching for the perfect Boston home,
let a local expert help you out. Buying a home is an exciting and complex
adventure. I take pride in being a local expert and would love to show you
around our fine city. Contact a Boston, MA real estate agent to get the buying
process underway!
Lucas Garofalo
Keller Williams Realty
(617) 861-3631
Lucas@LucasBostonHomes.com
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