Posted by on

WHY 2015 IS THE YEAR TO BUY

WHY 2015 IS THE YEAR TO BUY by Paige Marsh

I recently listened to an online clip of a CNNMoney news report interviewing the Secretary of Housing & Urban Development. To sum the video up, monthly home rental fees are rising faster than wages across the country. With the increase in rents being charged, homeownership is becoming a more cost-effective option for Americans. Recent changes in some loan programs, like the reduction in mortgage insurance announced for FHA loans, are making way for more home ownership opportunities.
The Secretary confirmed that several years ago it was too easy to get a loan, and now lenders have overcompensated making it too hard to get a loan. The best example of this is the reminder that Ben Bernanke, the former head of the Federal Reserve, announced last fall that he had been denied a refinance loan for his current home.
Some loan programs are now being tweaked just a little to allow a bigger pool of
previously unqualified buyers to engage in home ownership. They are not trying to repeat the same mistakes of the past, but trying to make the conditions fair to all potential American homebuyers. These factors, along with the terrific interest rates we are enjoying at this time, make a powerful tool for potential homebuyers to use to purchase a home this year!

http://money.cnn.com/video/news/2015/02/02/romans-2015-year-to-buy-a-house.cnnmoney/index.html?iid=ob_hp_video&iid=obnetwork

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

What Our Customers Are Saying

Great experience with Kelsea Burton

Kelsea helped us buy and sell our homes this summer. It was our first time selling so we had a million questions about the process and she answered them all with patience. Answered calls every time and always kept us updated. We got great deals on...

whitney bladen
Kelsea went above and beyond

Kelsea Burton went above and beyond to help us not only sell our home but also find our dream home! She handled any and all bumps in the road (that come with the process) with ease and because of that it was smooth sailing! (Or smooth selling! ;))...

Kylie Burton
Amazing Realtor

Kelsea is wonderful to work with. I would highly recommend her. She is sweet and knowledgeable and there when I need her.

Michelle Harrington
Thank you Shelby

Attn. Shelby Smith,

First, my son, Jim, and I wish to express our sincere gratitude for your counsel and information regarding inquiry of properties of the Cedar City area. We appreciated the personal friendliness and helpfulness of our vis...

james melching
Realtor Extraordinaire!!

We recently sold our home with the help of Marilyn Teed. She made the process very easy for us. She went above and beyond anything we expected from a realtor. As we were busy getting settled in our new place, she took care of many incidental thing...

Rick and Dianne Hadlock
Knowledgeable, Reliable, Trustworthy

Kelly Adams is an amazing Real Estate Agent. He is professional, trustworthy, patient, and extremely knowledgeable about housing options in the area. We were moving across country and he worked tirelessly with us. We ultimately felt very comfortab...

Sarah Brock
Excellent Experience!

We bought our home with Jason Spencer and had an excellent experience! Jason was very helpful through the entire process! He was always available which was very helpful as we were moving from out of state. We would definitely recommend Jason and S...

Travis and Keli Allen
Kelly Adams

Kelly did a great job helping us purchase some real estate!
He was prompt with good follow through for our
questions and concerns.

Eric Muller
Steve Barnes answered all our questions

Steve Barnes was extremely instrumental in us finding and buying our home! We were moving across the country and only had a few days to find our forever home. Before we came out to look at homes Steve answered all our questions and would hunt down...

Sarah Black
Honest and hard-working

Kelly Adams has been an amazing realtor! He is honest and hard-working. I know he had several other clients while he was selling our house, but it felt like we were his only client. He was very attentive. He respected our privacy and gave plenty o...

Tyree Jensen

Read More Testimonials »