Now is the Time to BUY!
by : Mari Takeshita
TAKE A LOOK AT THESE QUICK STATS THAT MAKE IT AN URGENT and PERFECT TIME TO PURCHASE A HOME
CONSUMERS UPBEAT IN MAY, SPEND LESS IN APRIL
Consumer spending slipped 0.2% in April, with a 4.4% drop in purchases of gas, electricity and other energy goods and services being a major influence. In better news, the Commerce Department noted a 3.4% rise in personal spending in Q1, and the two most-watched consumer confidence gauges beat consensus forecasts last week. The Conference Board’s May survey came in at 76.2, topping the 72.5 projected by analysts polled by Briefing.com. The final May consumer sentiment survey from the University of Michigan rose to 84.5; the same group of forecasters had projected it at 82.5.1,2
HOME PRICES GAIN NEARLY 11% IN A YEAR
To be precise, 10.9%: that was the 12-month improvement across 20 cities noted in the March edition of the S&P/Case-Shiller Home Price Index. In other housing news, the National Association of Realtors announced a 1.5% rise in pending home sales for April, bringing the annualized gain to 7.0%.3
So, What does the consumer spending mean to you?
When the economy is doing well and consumer confidence rises, so does property prices, as you can see from these two stats.
You do not want to be out priced in the housing market and not be able to purchase a home. DO NOT WAIT TILL THE FALL OR NEXT YEAR. Start the process of purchasing a home now. Being qualified by a lender only takes a few minutes and within that same day, most lenders can tell you what price point you will qualify to purchase. Don’t worry about down payment; The Denver Metro area has many down payment assistance programs to allow you to purchase for as little as $1000.oo out of pocket.
Find the Realtor and that Realtor will find the perfect home for you. You will look at many homes and keep looking till you find the right home. Remember, this isn’t a T-shirt you buy at the amusement park and wear for only one day.. Find the right home, but when you do, act quickly to compete with other buyers doing the same.
You may look at a 3-5 homes or you may look at 80 homes (that is up to you) But know what you want and know what you can afford before going out to preview your first home. A good Realtor will help you access your needs and your financial situation.
Once you have purchased your home, moved in, and started to feel like “home sweet home”. Your investment, is working for you and improving in value. Remember it also has great tax benefits.
Don’t delay.. START YOUR SEARCH TODAY AND FIND YOUR “HOME SWEET HOME”
Cell – 303.941.MARI (6274)
Fax – 720.208.0215
Cherry Creek Properties, LLC