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BuyNewBuyNow™ wants you to know all the facts about new home ownership to help you make an educated decision when it comes time to make the biggest purchase of you life. We are here to help you make your home more than just a house. Buy new and buy now. It's the smart thing to do for people looking for equity, appreciation and money saving tax deductions. While some naysayers point to a softening of the new home market, the reality is that there has never been a better time to buy a new home. |
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Learn more about why a new home is right for you, and about the home buying process. |
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How to take advantage of today's market trends The question any good investor should ask themselves is, "How do I take advantage of today's market trends?" The answer used to be the old adage, 'buy low and sell high,' but it's changing to 'buy new, buy now.' Today, builders, mortgage bankers and news sources throughout the Chicago market are making it clear that now is a good time to buy a new home. Everyday more news and data surfaces that contradicts information already out there about the falling of the housing market. The simple truth is that no industry can run in high gear forever. The inflated numbers are no returning to their proper place. The predicted 25% drop can be accounted for by putting it in perspective with the 25% increase throughout the market several years ago. While this may serve as bad news for large builders that have over committed themselves with large tracts of land, this is great news for a buyer looking for a home. Chicago traditionally has a base of small to middle size builders who put their reputations ahead of their profits. These builders are familiar with the area and the trends associated with it. As the market returns to its pre-boom status we will see many of the larger, less nimble builders pulling out of the market while the savvy local builders are flourishing. For the buyer this means a better home at a better price that better suits their needs. The benefits of buying a new home don't just lie in the quality of the product. Buying a new home is something that financially gives your family their own stake in the American economy. Buying a new home today maximizes your possible return when it comes time to sell. When you buy a new home you become the sole owner of a solid investment that earns you money while you're living in it. Buying a home has always been a solid investment in your financial future and now is no different despite the continual negative press that the housing market has been receiving. While the appreciation of a new home is not growing at the rate that it was two years ago, it is still growing. In Chicago the appreciation rate is significantly higher than other markets. Currently home buyers are in a unique position to take advantage of low interest rates in an economy that is growing without any significant inflation, allowing the interest rates paid on a new mortgage to stay low or even fall for the next few quarters. Interest rates are not the only positive news as current government data shows that unemployment is at its lowest point in years and American exports are in high demand, creating a strong economy and in turn is creating a stronger job market than Chicago has seen in quite some time. You would be hard pressed to find someone that doesn't agree with the fact that a new home is a solid investment. Out of all the things in the world to put money into, a home is one of the few things that is almost a sure bet. Anyone can make a profit on a new home without even lifting a finger. As the home ages and the neighborhood becomes more mature, the home prices grow right along with the trees. Despite some bad press, recent articles and investment analysts have only bolstered the idea that now is a better time than ever to buy a new home and that the current opportunities will not last long. Analysts are pointing to falling oil prices, low unemployment, high corporate profits and an increase in world demand for U.S. goods as signs that the economy is in excellent shape and the worst is behind us. Unfortunately this means that currently low interest rates and other benefits being offered are only temporary and so is the opportunity to take advantage of the market's current situation. By buying new and buying now you will be using the market to your advantage to make the best financial decision of your life. Markets tend to shift with the times but one trend that has remained constant is the value of a home; not only financially, but emotionally. Don't let this opportunity pass you by, buying new and buying now could be the best decision you will ever make. Submitted 12/14/2006 2:54:20 PMBack to Press Room |
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