Jeff Adams Scam Prevention – Right Time to Buy a House

Buying a house is an extremely individual decision but current trends are creating a favorable situation for many would-be homeowners. Interest rates are low, employment is increasing, home prices—in most markets—are still well below their peaks, and rents are through the top.

Each and every family member has various factors affecting the ability and the decision to buy a house. According to Jeff Adams, the famous real estate investor this is the right to time to buy a home with your choice. Jeff Adams scam prevention methods in real estate are a good tool and provide best ides to beginners.

Now we can see the reasons for buying the home rights now.

Low Interest Rates

Mortgage interest rates are still low for now and a 30-year-fixed-rate loan now averages 4.16%. But many economists believe we will see 5% rates next year. As interest rates rise, so do your monthly payments. According to Jeff, a $300,000 house at 4.16% with 20% down would have a monthly payment of $1,168. With a 5% interest rate, that payment increases to $1,288.

Additional Inventory

As more houses enter the for sale marketplace, prices steady. Inventories are at their main level in over a year, and worth gains have slowed to much more welcoming levels, the upside is consumers now have more choices, if they are looking at accessible homes.

Increase in Home Prices 

Home prices are rising and the median price of an existing home was $223,300 in June, means the 28th consecutive month of year-over-year price gains, and economists expect that trend to go on. Attempting to buy a home when the marketplace is at its lowest point or to sell at the crest is risk.

Employment on the Rise

Perhaps nothing is as significant to the financial constancy you need to buy a home as steady employment. The U.S. economy is at last adding jobs—about 200,000 new jobs per month.

The next generation of home buyers—the Millennials—has been particularly affected by the nation’s job slouch. Saddled with student loans and tight lending limits, many in this generation have been living with their parents to save money until the economy picks up.

If your employment forecast look good these days and the further four factors check out, then it may indeed be the right time for you to get a home of your own.

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