Now is the time to buy

The Connecticut Post recently posted an article about homebuyers under the age of 35 looking for homes after a 6-year slip. The article focused on a young couple, Alison Machowski and Chris Molyneux, and their experience of being first-time home buyers. 

This article is perfect example as to why it is a perfect time to buy. This is why…

Maggie Gordon, the author of the article, states “Across the nation, young homebuyers have been trickling out of the market since the housing bubble burst. But now, with low prices and low mortgage interest rate, local real estate agents are seeing their return.” 

The key in the quote is the fact that houses are being sold at a very low prices and in addition, the mortgage interest rates are low. 

There are two main reasons why this is happening.  First, homeowners that are trying to sell their home are desperate to sell. Second, as an incentive, interest rates are very low to pull in home buyers. 

Therefore, if you are thinking of buying a house, now is the perfect time to buy because as soon as enough buyers flood the market, prices will rise along with the mortgage interest rates.