Are you currently renting a home or apartment?

It may be the best time to buy a home for the following reasons… When looking at the affordability index aging back to the early 1900′s, it has never been more affordable to own a home than now. The reason for this is said to stem from the damage of the boom of the early 2000′s brought upon the housing market. The end of the boom brought foreclosures and short sales to be the predominant type of sale in today’s market, thus flooding the housing market bringing down the median price range. On top of lower prices, the government is keeping the interest rates at an all time low making this housing market a “no brainer”. People can literally get “more bang for their buck” in this housing market.

Generally, when it becomes cheaper to own a home than to go out and rent buying a home should be the better alternative. The Rent vs. Own analysis will show you that if you pay $1,800 per month on rent you will be able to buy a home for around $250,000 to keep your payment the same (on the exterior). If you look deeper, you’ll notice that there are other benefits that come with buying a home such as tax benefits, principal being paid, and future appreciation. Therefore, the net payment would be approximately $700-800 lower than renting. Review the analysis and look for yourself.

Click on the image above or the link to access the analysis: http://mcedge.tv/16bgel

Relevant links (Videos) of experts talking about whether this is a good time to buy:

Donald Trump: Why Now Is A Good Time To Buy (Video)

7 Reasons Why Now’s a Good Time To Buy A Home

Is It Finally A Good Time To Buy Again?

 

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