Attention First-Time Homebuyers Now is the Time to Buy a Home

The spring homebuying season is in full swing and it is expected it to be the best year for home sales since 2007. Now is definitely the time for you to buy! Here's why:

  • RISING RENTS. Rent prices increased an average of 3.6 percent in 2014 and nearly 11 percent over the last three years, according to REIS, Inc., a leading source of real estate data. It is predicted that this trend will continue.
  • LOW MORTGAGE RATES. At the same time, mortgage rates continue to remain at near historic lows.
  • AFFORDABLE HOMES. Homes for sale remain affordable - still about 10 percent below their 2006 peak nationwide.

Talk with a personal mortgage banker at CityWorth Mortgage and get Pre-Approved for a Mortgage Today.

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