10 Reasons First Time Home Buyers Should Not Fear The Current Housing Market
DID YOU KNOW…
From 1971 to 2022, the average rate for a 30-year fixed mortgage was just under 8%. Today’s rates are significantly below that long-term average.
Buying your home will help to increase your net worth over time.
Homes may not be flying off the market at the moment, but they are still selling.
Long term, buying a home is always going to be better and far more cheaper than renting.
You get all the tax benefits that goes with owning a home. This includes deducting some of your mortgage interest payments, and energy efficiency improvements you may make to your new home.
You can refinance and get a lower interest rate once rates begin to fall.
Yes, the market has slow down a bit, but that mean less competition for you.
You currently have more homes on the market to choose from.
There is a lot of room to negotiate right now.
Remember, newspapers and online media outlets will say anything to sell papers or get clicks.
The Houston real estate market is constantly changing and can be a bit overwhelming. Together we can defeat all four types of fear - freeze, flight, fight, or fright that is currently attempting to paralyze the market by way of the media.
As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please contact us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana
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