New Homeowner AdvantagesÂ
There has never been a better time to build a home this year.Â
More people want to be homeowners, even younger buyers. A recent Fannie Mae survey of younger renters and buyers finds that though most younger renters prefer owning, many of them may stay renters longer due to insufficient financial capability and/or preparation. They don't want to continue renting-90% would prefer to be homeowners. Â
3 Reasons Right Now is the Best Time to
Find out what's happening in Oceanside-Camp Pendletonfor free with the latest updates from Patch.
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1. Mortgage rates in the first week of May fell once again, and this time to the lowest level since November 7, 2013.
Find out what's happening in Oceanside-Camp Pendletonfor free with the latest updates from Patch.
2. Home prices rose year-over-year for 25 months straight in March. Home prices nationwide, including distressed sales, grew 11.1% in March from one year prior. Home prices are projected to increase by 6.7% from March 2014 to March 2015.
3. Most housing markets have recovered. 59 metro markets have fully recovered from the last housing market crash, and 300 saw year-over-year gains. According to experts, this may be the best time for the buyer who is on the fence.
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