There is no doubt that this is a great time to buy a house. Purchasing a home has remained affordable, primarily because of the extended period of historically low interest rates that has continued for more than two years. A wide variety of properties from which to choose and affordable prices sweetens the opportunity for homebuyers.
The general public agrees, and so does the secretary of the U.S. Department of Housing and Urban Development. Consider these recent reports:
- According to a recent Gallup poll, 69 percent of Americans believe that now is a good time to buy a house.
- Responding to a recent New York Times/CBS News poll, nine in 10 Americans said homeownership is an important part of the American dream.
- The National Association of Realtors’ ninth housing pulse survey showed that the overwhelming majority of Americans (72 percent) say that buying a home is a good financial decision. Almost two-thirds (64 percent) say that now is a good time to buy a home.
- During a recent interview broadcast on CNN, Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, urged Americans to purchase homes. He said, “In the long run, it is a good time to become a homeowner because it’s so affordable today compared to where it’s been for generations.”
If you are considering a move into or out of Basking Ridge, click here for a free market analysis of the value of your home in today’s market. Or click here to search for homes available in Basking Ridge.
