Home Price Appreciation Forecast Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years.
Special Real Estate Report Top Ten Reasons To Buy A Home In Reston
Number 1: you can get a good deal. Prices are down 30% from their peak , according to Standard & Poor's Case-Shiller Index.
Number 2: Interest Rates are LOW. The rates are the lowest on record. The drop in rate from 2 years ago of 6.3% drops your monthly payment by a fifth.
Number 3: You'll save on taxes. You can deduct the mortgage interest from your income taxes, consult a tax expert.
Number 4: It'll be all yours. Paint the walls, add walls, remove walls, it is all yours.
Number 5: You'll get a better home. It can be HARD to find a good rental.
Number 6: It offers some inflation protection. Studies show over the long haul housing has tended to beat inflation by a couple of percentage points per year.
Number 7: It's risk capital. Your home isn't the stock market and you should not view it as a way to get rich, but if the economy starts booming home prices will head up.
Number 8: It's forced savings. A part of your mortgage goes towards principle repayment and helps you build equity.
Number 9: There is a lot to choose from. There are many homes on the market from which to choose in many areas.
Number 10: Soon or late, the market will clear. Demand will meet supply.
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