7 REASONS YOU SHOULD BUY A HOME NOW
- Rents are rising at a faster pace than homes prices, especially in the urban core of Miami.
- Mortgage interest rates are still favorable.
- In most areas it is still cheaper to buy than to rent.
- We’re nearing the end of the ear of low mortgage rates and moderate prices.
- Personal income is starting to rise again.
- Housing demand still exceeds supply so if you wait, it may be harder to find an ideal home at a price you can afford.
- Millennials, the largest cohort in history, are reaching their peak home buying years, which could further tighten the supply of homes for sale.