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Why Is Now Such a Great Time to Buy a Home?

Thursday, September 3, 2020   /   by Vyral Marketing

Why Is Now Such a Great Time to Buy a Home?

Despite rising prices, now is a great time to buy a home; here’s why.

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Many buyers in today’s market are wondering how they can afford homes when prices are going up so much. One thing to consider is that there is a difference between the price of the home and the actual cost of the purchase.

As you’ll see in the chart at 0:27 in the video above, the cost of owning a home has been going down or staying stagnant because interest rates have been very low. People in today’s market wish they could go back in time to purchase a home at a lower price than what it currently is, but our low interest rates actually provide the opportunity to buy a home for the same cost it would have been just a couple of years ago.

Simply put, our low interest rates have made buying homes more affordable. But why are rates this low?

The government has been printing money, and they’re using some of it to buy down the interest rates, but we know that can’t keep going forever. As soon as they stop doing that, we’ll definitely see a spike in interest rates, which is all the more reason to take advantage of our low interest rates now.

If you have any real estate needs or questions, don’t hesitate to reach out to us. We’re here to help you succeed.


  buying a home

Elite Results Realty
Rob Hale
1744 S. Val Vista Dr Ste 206
Mesa, AZ 85204
480-845-0048

© 2020 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Elite Results Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 22, 2020
© 2020 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Rob Hale - Elite Results Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 22, 2020
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