Why Buy a Home in Chicago?

There are so many reasons, but let’s talk about 6.

Here are the

6 Reasons why you should Buy a Home….

1.  Interest Rates are climbing

Mortgage Bankers Association’s Builder Application Survey for October 2015:

  • Mortgage applications for new-home purchases decreased 8 percent month-over-month.
  • Conventional loans comprised 67.2 percent of loan applications; FHA loans, 19.2 percent.
  • The average loan size for new homes decreased to $320,881 from $324,884 in September.

 

 

2. Rates are projected to go higher…

 

mortgage rate projections

3. There’s an Easing of credit requirements…

 

fico requirement

credit standards

4. Home Values are Rising…

chicago home prices

5.  Home Prices are Projected to Continue Rising!

The CoreLogic HPI Forecast indicates that home prices are projected to increase by 4.3*** percent

on a year-over-year basis from August 2015 to August 2016 and

remain unchanged month over month from August 2015 to September 2015.  

Home Price Projections

6. Chicago rents are increasing –

so getting into a home NOW is your best bet

for financial stability!

 

– – – – – – – –

 

To find out if buying a home

today

is the right decision for you,

Contact

Anne Rossley

Baird & Warner

773-620-5333

 

 

Contact Anne

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