An interesting article titled? ?Three Compelling Reasons Why Your Buyer Should Buy?.NOW? was written on RISMedia.com recently.? This article talks about things like rising home prices, low mortgage rates and the Re-emergence of new Construction.
The article discusses how over the past few years realtors have been touting the ?buyers market?, citing everything from high inventory levels to hard to pass up deals on short sales.? Recently there has been a bit of a shift in the marketplace.? While Statistics still say the overall BC market is still leaning towards a ?buyers market?, no longer do buyers have a huge upper hand.? However, it is still a great time for people to buy real estate in Kamloops.
The article discusses three main reasons it is still a good time to buy:
1. Rising House Prices: although this may seem counter intuitive, and seems more like a reason not to buy.? Recent trends have shown that house prices are rising.? However, home prices are forecasted to rise even more next year.? So by taking the leap now you may be seizing your best chance to get into a starter home, or upgrade into a more suitable home for a growing family.
2. Mortgage rates are Low:? In fact we have seen a slight increase in mortgage rates over the past month but as we have discussed in recent blogs, mortgage rates are still extremely low in comparison to the 10 year historical average.? Recent articles written like the one on Global News (Click here to Read Article)? discuss the recent increase in mortgage rates but also tell in depth why these are ?still really good rates?.? So overall low mortgage rates are a good reason to purchase a home now and lock in on a low 5 year rate.
3. The Re-emergence of New Construction:? While increased prices and dwindling inventory have shifted the market more favorably towards sellers, it has also created a market for new home construction to re-emerge.? So if you are looking for a new home now is a great time to purchase while? mortgage rates are still favorable and new home prices remain relatively low.
Overall, an argument can be made that there is no better time to buy Kamloops Real Estate than now.? Buyers still have time to take advantage of the slight edge that they have in today?s diminishing ?buyers market?.? And as the article says, although we can?t predict all things within real estate on a day to day basis, real estate almost always remains a solid investment over the long term!
?
?
Visit RISmedia.com to read the full article.
Source: http://blog.teamcavaliere.com/2013/07/12/reasons-to-buy-kamloops-real-estate-now/
NASA asteroid cruise ship Asteroid 2012 DA14 Reeva Steenkamp rubio Affenpinscher
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.