- Home prices now stand higher than before the 2007 crash, increasing 5% from 2015 to 2016. Housing experts expect an additional 2% to 3% jump in 2017. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting to buy a home no longer makes sense.
Indicators also point to rising interest rates ahead:
- Money is still cheap (4% interest rates for many loan programs). An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home. Everyone’s financial situation is different, but if you can afford to buy a home, there’s little reason not to.
- Inventory shrinking continues to be a trend of steady decline since just before the housing crash, when inventory peaked, so if you’re planning on buying a home, get off of the fence.
Why choose The Romanski Group with Keller Williams Realty for your home buying needs? We take a different approach to real estate; personal touch, win-win philosophy and positive results. Our team is comprised of dedicated professionals specializing in each phase of real estate. In addition, our extensive knowledge of the Lafayette and West Lafayette areas and surrounding communities allows our team to serve you the best. Begin your home search now: www.RomanskiGroup.com
For up-to-date information on YOUR Indiana area neighborhood or a FREE Seller Consultation – call The Romanski Group at (765) 293.9100. Using an experienced team is the way to get your home SOLD! You deserve the BEST Realtor in the Lafayette Indiana area! Learn more about our Guaranteed Home Sale Program!