If You Plan on Buying a Home, the Time to Act Is Now

 


If you’re a homebuyer, the time to buy is now—here’s
why.

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Are you waiting for the market to soften to buy a home?

A lot of buyers have this plan because they’re afraid that what
happened during the last economic downturn will happen again soon.
However, according to my guest today, Tom Ross of Bay Equity Home
Loans, the last economic downturn was a once-in-a-century event,
and the current market features a totally different set of
circumstances. 

If you plan on staying in your home for at least three years,
there are plenty of underlying reasons why now is a great time
to buy.



“

The last economic downturn was a once-in-a-century event, and
the current market features a totally different set of
circumstances.

”


According to the statistics, Phoenix is the fastest-growing city in
the U.S. Not only are we ranked in the top 10% of all cities in
terms of job growth, but we’re also in the top 20% in terms of
historical appreciation. 

We have about 70,000 households being formed annually, but only
25,000 homes being built. To be exact, we have less than three
months of inventory, and we don’t see supply catching up to demand
in the foreseeable future. Furthermore, appreciation is also
expected to continue to rise. 

If you look at the big picture, it’s a great time to buy or
sell, so if you plan on doing either anytime soon, don’t
hesitate to reach out to me. I’d love to help you.