{"id":1369,"date":"2021-01-05T16:30:31","date_gmt":"2021-01-05T16:30:31","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1369"},"modified":"2021-01-05T16:30:31","modified_gmt":"2021-01-05T16:30:31","slug":"not-wait-spring-make-move","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/not-wait-spring-make-move\/","title":{"rendered":"Why Not to Wait Until Spring to Make a Move"},"content":{"rendered":"
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Why Not to Wait Until Spring to Make a Move<\/p><\/div>\n

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The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation\u2019s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here\u2019s a dive into some of the biggest wins for homebuyers this season.<\/p>\n

1. Mortgage Rates Are Historically Low<\/strong><\/h4>\n

In 2020, mortgage rates hit all-time lows 16 times. Continued low rates have set buyers up for significant long-term gains. In fact,\u00a0realtor.com\u00a0<\/em>notes:<\/p>\n

\u201cGiven this means homes could cost potentially tens of thousands less over the lifetime of the loan.\u201d<\/em><\/p><\/blockquote>\n

Essentially, it\u2019s less expensive to borrow money for a home loan today than it has been in\u00a0years past<\/a>. Although mortgage rates are expected to remain relatively\u00a0low<\/a>\u00a0in 2021, even the slightest increase can make a big difference in your payments over the lifetime of a home loan. So, this is a huge opportunity to capitalize on right now before mortgage rates start to rise.<\/p>\n

2. Equity Is Growing<\/strong><\/h4>\n

According to\u00a0John Burns Consulting<\/a><\/em>,\u00a058.7% of homes in the U.S. have at least 60% equity<\/strong>, and\u00a042.1% of all homes in this country are mortgage-free<\/strong>, meaning they\u2019re owned free and clear.<\/p>\n

In addition,\u00a0CoreLogic<\/em><\/a>\u00a0notes the average\u00a0equity<\/a>\u00a0homeowners gained since last year is\u00a0$17,000<\/strong>. That\u2019s a tremendous amount of forced savings for homeowners, and an opportunity to use this increasing equity to make a move into a home that fits your changing needs this season.<\/p>\n

3. Home Prices Are Appreciating<\/strong><\/h4>\n

According to leading experts, home prices are forecasted to continue appreciating. Today, many experts are projecting more\u00a0moderate<\/a>\u00a0home price growth than last year, but still moving in an upward direction through 2021.<\/p>\n

Knowing home values are increasing while mortgage rates are so low should help you feel confident that buying a home before prices rise even higher is a strong long-term investment.<\/p>\n

4. There Are Not Enough Homes for Sale<\/strong><\/h4>\n

With today\u2019s\u00a0low inventory<\/a>\u00a0of homes on the market, which is contributing to this home price appreciation, sellers are in the driver\u2019s seat. The competition is high among\u00a0buyers<\/a>, so homes are selling quickly.<\/p>\n

Making a move while so many buyers are looking for homes to purchase may mean your house rises to the top of the buyer pool. Selling your house before more listings come to the market in the traditionally busy spring market might be your best chance to shine.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re considering making a move, this may be your moment, especially with today\u2019s low mortgage rates and limited inventory. Let\u2019s connect to get you set up for homebuying success in the new year.<\/p>\n<\/div>\n<\/div>\n<\/article>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re considering making a move, this may be your moment. Finish Reading Why Not to Wait Until Spring to Make a Move<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[196,38,240,15,10,18,27,91,52,9,63,20,12,24,48,68,13,47,19,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1369"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1369"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1369\/revisions"}],"predecessor-version":[{"id":1371,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1369\/revisions\/1371"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}