Why Buy A House Now? Here’s Why…

Employment is going up, Interest Rates are still down and Home Prices are still below peaks in most areas.

Employment has been a huge issue with home values. The next generation of home buyers—the Millennials—has been particularly affected by the nation’s job slump. Saddled with student loans and tight lending restrictions, many in this generation have been living with their parents to save money until the economy picks up. Employment numbers have been getting stronger month after month. The U.S. economy is finally adding jobs—about 200,000 new jobs per month. What this will do is make it possible for the Millennials to move out of Mom & Dad’s home and move into the housing market, and that is a lot of demand!

Interest Rates are below 4% right now! A loan for $200,000 will cost $764 per month, P&I. Denver Average Rent  As of November 2016, average apartment rent within the city of of Denver, CO is $1564. One bedroom apartments in Denver rent for $1365 a month on average and two bedroom apartment rents average $1765. Right now, it is more affordable to buy the homes that people are renting. Interest rates cannot stay low forever, Time to take advantage!

Hard to believe. but in some areas home prices are still below their peak in 2007-2008. That means that with the recovery, prices are expected to increase over the next few years. Buying a home now still gets you in as the values are still rising. Most indicators are pointing the the fact that we are not at the top and should’t be for some time now.

Time to buy!

Contact Jeff Hansen for more Real Estate Advice

About Jeff Hansen, Realtor in Colorado

Search for homes here; www.jeffhansen.remax.com for FREE. Licensed Real Estate broker with RE/MAX Professionals at 10135 W. San Juan Way, Littleton, Colorado 80127. I have been a Realtor Since 1992 and provide Free Real Estate Advice Realtor in Littleton, Colorado and the Metro Denver Area, A Real Estate investment company focusing on the buyers and sellers of homes, also including fix and flips and rental properties, Listings and all sales of realty. (303)794-4530 Disclaimer I will not receive any compensation or take on any liability because of any conversation on this or any related web page w/o any written brokerage agreement. And there will be no relationship actual or implied because of any conversation on this or similar pages. No written agreement, therefore. AND Differ from state to state, so check your state's rules.
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