5 Reasons You Should Purchase a Home in 2021

1. Rates continue to be low and it may be easier to get a mortgage. Though rates are slightly higher than their all-time low at the end of 2020, they are still an attractive option for many home buyers.

2. The cost of renting may be higher than the cost of owning a home. Recent studies have shown and many experts agree that home purchase can be up to 44% cheaper than renting, making home purchase more and more attractive. 

3. Home prices are still relatively low. Although market trends vary from neighborhood to neighborhood, on a whole, housing prices have generally increased, yet inventories are relatively low. This can lead to additional upward price pressure, making now a good time to purchase a home. 

4. The opportunity to invest your money and build equity is now. Investing your money into a new home purchase enables you to put your monthly payment towards equity. With rates as low as they are and home values holding steady, selling in 5 or 10 years at a profit may make sense for you. 

5. Put current equity back to work. With current low fixed interest rates and a strong rental market, it may make sense to use equity to purchase a move up or rental investment property.

For more information on home buying and financing options, visit: https://www.robjohnsonloans.com/