The Joint Center for Housing Studies at Harvard University recently released their 2015 State of the Nation Housing Report. The report talked about of renters have it tough fight now with rents skyrocketing nationally and the limited supply of decent rentals.
However, the report shed some light on how and why it is definitely time to buy your first home or to upgrade to the home you will be raising your family and growing roots. With home prices still below peak values, but rising; and mortgage rates near near the record setting lows they hit 3 years ago, the monthly mortgage payment on a median priced home is still less than at almost any time in the past 25 years in this country...
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Here is a graph which helps visualize the data from the report:
Bottom Line
With home prices increasing and mortgage rates projected to increase, now is the time to buy.
Chris Melingonis and chris M properties can help you and your family find the La Mesa home for sale of your dreams. La Mesa and Mount Helix properties are on the rise. Chris M Properties at 619-929-9812 can help you gather information to attain your La Mesa Real Estate goals.
Turn to La Mesa Home Source for your La Mesa real estate needs.