The S&P home price index recently
posted that there was a 9.3% annual increase in May down from the 10.8% in
April. The rate in November 2013 was as
high as 13.7% before starting its slow descent.
This is good news for both
buyers and sellers. Especially since
some buyers would otherwise have been left on the sidelines with the continued
faster increase in prices.
The slower home price
increase is also a sign of the housing market returning to normal. Since the market is stabilizing, this is a
great time for buyers to make their purchase.
Recently Harvard’s Joint Center of Housing Studies revealed five financial reasons people should consider
buying a home.
1.) Housing is typically the one leveraged investment available.
2.) You're paying for housing whether you own or rent.
3.) Owning is usually a form of “forced savings”.
4.) There are substantial tax benefits to owning.
5.) Owning is a hedge against inflation.
So, what’s holding you back?
Invest in yourself and your family’s
future.
Buy a home and start building equity in
your future!
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