Trending Thursday: More McMansions, Ferguson home values and more

Trending Thursday: More McMansions, Ferguson home values and more

Plus the real truth about whether renters really want to buy

Exclusive: Redfin’s chief economist answers 5 tough questions

Nationalizing the GSEs, the silver bullet for Washington policy and more

HUD: Associated Bank ‘redlining’ settlement largest ever

HUD Secretary Castro says settlement “sends a strong message”
W S

3 reasons right now is the best time to buy a home

The advantage is on the buyer side

young buyer
/ Print / Reprints /
| Share More
/ Text Size+

There has never been a better time to buy a home this year.

And yet despite three major advantages for homebuyers, sales so far have been slow.

Buying is cheaper than renting in most markets. And with mortgage activity down, originators, one would think, would be bending over backwards for applicants.

More people want to be homeowners, even younger buyers. A recent Fannie Mae survey of younger renters and buyers finds that though most younger renters prefer owning, many of them may stay renters longer due to insufficient financial capability and/or preparation. They don't want to be renters – 90% would prefer to be homeowners.

Additionally, according to the latest quarterly report from the Federal Housing Finance Agency, both Fannie Mae and Freddie Mac are reducing the money set aside to cushion any blow to their business, making it fair to say this is the result of the government-sponsored enterprises betting on a continued housing recovery.

There are three reasons this may be the best time to buy a home. (Click the next page below to see the list)

Recent Articles by Trey Garrison

Comments powered by Disqus