The Main Reason You Shouldn’t Wait to Buy
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The Main Reason You Shouldn’t Wait to Buy

The Joint Center for Housing Studies at Harvard University recently released their 2015 State of the Nation’s Housing report. The report concentrated on the challenges renters in this country are facing because of the diminishing supply of quality rental units and dramatically escalating rents.

However, there was also information buried within the report that revealed that now is definitely the time to buy your first home or move-up to the home of your family’s dreams. With home prices still below peak values and mortgage rates still near historic lows, the monthly mortgage payment on a median priced home is less than at almost any time in the last 25 years.

Here is a graph which helps visualize the data from the report:

Median Mortgage Payment | Simplifying The Market

Bottom Line

With home prices increasing and mortgage rates projected to increase, now is the time to buy.

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Real Estate Agent

I've been a full time real estate professional in the Hattiesburg area since 1996. I'm almost always on line so if you have questions shoot me an email and I'll try to answer them. You can also text me at 601-606-3001