1- Why am I Buying?
A study by the Joint Center for Housing Studies at Harvard University revealed four top reasons Americans buy a home, all of which have nothing to do with money:
- A good place to raise children and for them to get a good education
- A place where you and your family feel safe
- More space for you and your family
- Control of that space
- What does owning a home mean to you outside of financial gain?
2- Where are the Home Values Headed?
CoreLogic predicts a 4.7% increase on homes from December 2016 to December 2017 so a home valued at $250,000 would be increased by an additional $11,750 by the end of the year.
3- Where are the Mortgage Rates Headed?
Long term costs are truly important to keep in mind.