Why NOW Might Be The Best Time To Purchase A New Home

Every era offers unique opportunities in the housing market, but the current climate provides an exceptional chance for prospective homeowners; while there is a lot less traffic than the buyer frenzy of the past couple of years, there are still a lot of buyers looking to purchase homes right now. The job market continues to grow – new jobs in April were stronger than expected. Unemployment is also at an all-time low. This allows buyers with a stable income to purchase.

The U.S. Census Bureau reported that the homeownership rate in the U.S. has been on a steady incline, reaching 65.3% in 2023. This positive trend signifies the overall affordability and accessibility of homeownership, showcasing an appealing opportunity for prospective home buyers.

Why now? Here are a few reasons why buying now might make sense for you.

• Rental.com states that the US rental market experienced an increase in rent for the eighth month in a row. It is 25.7% higher than the same time in 2019.
• Space might be a deciding factor. The cost difference between renting and owning might be more affordable if you require 2 or more bedrooms.
• Homeownership allows you to start building your own equity and not someone else’s.

There are some things to keep in mind during this real estate climate. It’s clear it’s a seller’s market. We are seeing buyers waive mortgage contingencies, inspection contingencies, and sometimes even making cash offers. This is where our team at Poli Mortgage Group, Inc. comes in. With an ethos of delivering personalized, quality service, we make your home-buying process a breeze.

Poli Mortgage Group, Inc. is able to get your loan fully approved in less than 24 hours. We make a commitment to lend, subject to the property. We want to ensure that your offer gets accepted and makes the seller feel comfortable, knowing they are issuing you a letter stating you have gone through the underwriting process. We can close in as little as 2 weeks if you require it.

In conclusion, your pathway to homeownership is smoother and more advantageous than ever before. By partnering with Poli Mortgage Group, Inc., you can navigate this journey with confidence. Our dedication to quality service and competitive rates make us a reliable guide in your quest for a new home.

If your time to purchase a new home is now, Poli Mortgage Group, Inc. is ready to help. Call us directly at 781-253-8639 to start your journey towards homeownership today. The future of housing is bright, and it’s the perfect time for you to be part of it.