Rent or Buy… The numbers Don’t lie.
Sixty-two percent of potential homebuyers say that now is a better time to purchase a home than it was a year ago, according to a recent survey by Chase. Rising rental costs and historically low interest rates are the top reasons Americans says it’s a good time to get off the fence.
Thirty-two percent of more than 1,000 consumers surveyed say they want to buy soon in order to take advantage of low rates; 35 percent say that the 30-year fixed-rate mortgage rising above 4 percent would delay their decision to buy.
We are at historically low rates and something tells me they won’t last forever. Call an Ammons & Co agent to see one of our great homes!