The Perfect Storm?
The combination of extremely low rates interest rates and historically low construction costs have created the perfect new home buying opportunity. Home shoppers that have been on the sidelines for the last couple of years could miss out on a rare situation where very low interest rates are available while construction costs are low. Typically, lower interest rates have escalated construction prices like throwing gasoline on a fire. Because the economy has performed poorly for the last couple years it has dampened buyers enthusiasm to make new purchases when can be exactly the best time to buy. Many folks are worried about their employment status which is understandable. The best way to view a home purchase is by monthly payment. Whether you’re gainfully employed or not you need a place to live and would most likely be paying rent at a minimum. Rather than being swept away in media hyperbole one should examine their own unique situation thoroughly because the decision you make now could cost you or save you tens of thousands of dollars over the next few years. Are you ready to take advantage of the perfect storm?
