While purchasing a home has always been an investment in the future, current market conditions actually make it the most affordable living option available. According to a study from Trulia released last quarter, buying a home in today’s market is 37.7 percent cheaper than renting on a national scale. Data shows that, while this is a national trend, there’s nowhere you’ll find that buying is more affordable than renting than in the South – home to eight out of the top 10 metros with the greatest financial benefit of homeownership.
Experts say 2017 is the time for homebuyers to make a move before mortgage rates start climbing and property values rise another 7.3 percent (according to Zillow projections). If expectations hold true, as reported by the Dallas Business Journal, those who wait until this time next year to purchase a home should prepare to add $47.43 to their monthly mortgage payments.
So, whether you’re a first-time buyer or a seasoned investor, don’t wait around for home prices to decline. It’s only going up from here…
The new briggsfreeman.com is a great place to start (or continue) your search. Rebuilt from the ground up, the Briggs Freeman Sotheby’s International Realty website makes it easier than ever to connect buyers to potential new homes with intuitive search features as well as stunning photography, immersive 3D walkthroughs and more exciting, innovative functions to showcase properties like never before.
To explore luxury homes throughout North Texas neighborhoods, visit briggsfreeman.com. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with offices in Dallas, Fort Worth Cultural District, Fort Worth-Mira Vista, Uptown, Lakewood, Southlake, The North, Ranch and Land East, Ranch and Land West, and The Ballpark. Visit the Best Neighborhoods in DFW.