Thinking of Buying? Act Now!

Real Estate Predictions for 2015

Are you one of the many individuals waiting for the absolute perfect moment to purchase a home? Unfortunately, if you wait any longer you may be joining the thousands of individuals who missed favorable conditions due to worries of imperfections. In order for buyers to make an informed purchase, they must be looking at both current and projected interest rates.

If you ask any real estate or mortgage expert about their expectation of rates for 2015, there is mutual agreement that rates are expected to be back on the rise and will land anywhere in between 5 and 6 percent by the end of next year. Therefore, there is no better time than now to make the purchase. Since home construction is expected to increase during the New Year, house price appreciation is expected to continue growing, and interest rates are on the rise, experts are suggesting making your purchase in the near future to take advantage of favorable conditions.

There are a variety of other influences that make now the perfect time to buy, including the fact that it is less expensive to buy right now as opposed to renting a home or apartment. Additionally, it is currently less strenuous to qualify for mortgage. Since banks and credit unions are giving you a little bit of a break right now, why not take advantage of favorable conditions all around the spectrum?

If you are located in Lafayette, Orinda, Walnut Creek, Moraga, Contra Costa County, or the surrounding areas and would like real estate counsel, please contact Stella Tsakonas today! As one of the top real estate professionals in the area with over 30 years of experience in the California real estate industry, I will be sure that your real estate transaction comes out in your favor.