Are you considering purchasing a home right now? If so, this post is for you. No doubt you’ve probably noticed the increase in homes for sales in and around Brevard County, Florida. Home construction numbers are up and formerly desolate neighborhoods are being filled with new homes at a rapid pace. Why? The housing market is improving not only for sellers but for buyers as well.
Real Estate Ink, located in beautiful downtown Melbourne, Florida, is a boutique brokerage firm that always puts the client first. We are always on top of the latest trends within our industry and we can say with confidence that now is the time to buy. Below are a few market indicators that allow us to speak with such assurance:
Fourth Quarter Interest Rate Hikes
In a previous post we told you all about the upcoming interest rate hikes and how that can affect your monthly mortgage. A hike as little as .25% can make a significant change in your monthly payments so do yourself a favor and buy NOW before these changes take place.
Mid-Year Housing Report is Extremely Promising
According to Realtor.com, 2015 is doing better than years past closely equating the boom in 2006. Translation: Buy Now. An increase in the job market and a promising economy mean that people now have the funds to afford a new home and the waiting is over. The increase in demand for housing is one of the forces driving this boom and it isn’t likely to stop anytime soon. Realtor.com is seeing very high traffic on their site and this is also a promising indicator. Did you know that in only 20% of counties in the nation renting is a better option than buying? Renting just doesn’t make sense anymore. It is time to buy.
People Are Buying
There has been an increase in demand and according to the National Association of Realtors approximately 5.35 million existing homes were sold along with 5.17 new homes. Wow! In April new home sales were up 8.1%. The numbers are incredibly encouraging and it is time for you to jump on board. Call Real Estate Ink today and meet with one of our team members to find the home of your dreams here in Brevard County, Florida.
Economic Upswing
As noted previously, the job market is improving and along with that the economy. Home prices here in Brevard are growing as compared with the last few years according to the National Association of Realtors too.
Purchasing a home is a major life decision and Real Estate Ink knows that. This is why our staff is committed to our clients and will always go above and beyond to exceed expectations. We want you to be able to make an informed decision when it comes to your home and the information available currently all points to making a purchase. Call us today!