5 Reasons Now Is The Time to Buy

5 Reasons Now Is the Time to Buy a Home According to a Top Economist

Ted Jones, Stewart Title's chief economist, says now is inarguably the right time to buy a home. Those who have been waiting on the sidelines, struggling with rising rent and dreaming of a place to call their own should wait no longer, according to Jones, who believes we are in the perfect market to promote homeownership. Here are five reasons why:
  • Jobs are up
  • Interest rates are low
  • Prices are rising
  • Fuel costs are down
  • Technology makes it easy

So what does 2016 hold for homeownership? Jones predicts a 4.9 percent increase in home sales, and a bump in values, too. "Home values will go up, maybe not at as strong a pace but still moving," Jones affirms.

Planning the right time to buy a home, according to Jones, is much like planning the right time to plant a tree; the right time was last year. "The quicker you plant a tree, the bigger it grows," he says. In this current marketplace, the faster you become a homeowner, the sooner you reap the benefits.
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