Are you planning to purchase a home? How soon do you want to make the purchase? You may want to get moving and make a purchase sooner than later.
The Case Shiller Home Price Index shows that home prices have risen 5% in the last 12 months. The same article says that the price of homes is increasing faster than the wage index. So every day you wait to purchase a home, on average, you are decreasing the ability you have to buy that same home tomorrow.
At least mortgage rates are staying low. Check with your lender to confirm that 30 year FHA loans are at 3.25% and 30 year Conventional loans are at 3.625%.
If you need a lender recommended let me know and also give me a call to help you find a home or property to purchase or to sell.
Happy home hunting!
Brian Olsen, WWR
Coldwell Banker Residential Brokerage