While much of the world is currently in a state of uncertainty, the housing market is in its most viable state. Rates are lower than ever, and it is a seller’s market. Anytime spent on a listing site would show that houses are spending a record short time on the market and are often going for asking price or above. First-time home buyers are taking advantage of every program available, and it is allowing many homeowner goals to be achieved much sooner than expected.
Why Now is the Best Time to Own A Home
This current boom in home buying is attributed to one factor above all others: record-low interest rates. These low rates are the result of the Federal Reserve buying larger and larger amounts of government bonds and keeping the interest rate near 0%. This has led to more families than ever being able to accelerate or achieve their long-term homeowner goals. Becoming homeowners for the first time and having the opportunity to move into the home of their dreams is becoming a reality for so many. Many families have spent their extended time at home and are more motivated more than ever to take advantage of every tool available to help them reach their goals.