Home prices are on the rise as the market continues to recover, and the value of these homes is projected to rise as well. In addition, as values increase, new buyers are in a great position to build long-term equity from their purchases.
The market is also becoming extremely competitive as inventory remains relatively low compared to the higher number of buyers entering the real estate hunt. The average a home is staying on the market has been estimated at 70 days with many selling much sooner.
Because of this inventory shortage, new construction is popping up in many places around the country. New buyers may be able to find a new home at a steal.
And, if these reasons to buy now aren't enough, think about the biggest reason buyers should buy now:
Interest rates are climbing back up at a rapid rate. They are currently at a two year high due to the speculation that the FED was going to begin slowing down and eventually cutting way back on its backing of bonds and mortgage-backed securities.
So, take advantage of rates while they are still on the lower side. And contact Lang Premier Properties today to speak with an agent who will find you your dream house for sale in Southeast Michigan.
Lang Premier Properties is home to a leading Oakland County Short Sale Realtor. We specialize in all aspects of real estate including short sales, foreclosures and working with home buyers and sellers in the Troy, Birmingham, Rochester Hills and Bloomfield Hills luxury market. When you hire Lang Premier Properties, whether you are purchasing or selling Metro Detroit Real Estate, you can rest assured that you are in good hands.