Why buy a house now? Today’s Housing Market is referred to as a “Buyers Market”. A “Buyers Market” is created when demand is less than supply; in other wards there is an overabundance of houses. Another reason to buy is Record Low Interest Rates!
Large Inventory:
According to the Central Pennsylvania Multi-list, the current active number of listings on the market is more than previous years. As of today there are 5,466 homes on the market! Having an over abundance can make for an ideal situation for home buyers. Instead of 3 or 4 homes that fit all of the criteria of a buyer, we are seeing 8, 9 or even 10 houses that could potentially be a buyer’s next home. What a selection. Having a selection of houses allows the buyer to feel like they are not settling. There are many chances to put your Realtor to work showing house after house till the one that feels like “home” is found.
Interest Rates Are Low:
The current interest rates are at an all time low. Do you know how much this will save over a 30 year amortization?! On a $150,00 mortgage that could be a savings of approximately $42,000.
I Challenge You to take advantage of this great opportunity and go out into Harrisburg, Camp Hill, Mechanicsburg, New Cumberland or wherever your dream home or investment property may be and use this market to your advantage.
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