wisconsin homebuyers the buyer's market market we've had for so long is on its way out
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The buyers’ market we’ve had for so long is on its way out.
Time to buya home……
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A key factor in wealth
Suze Orman, well known financial advisor, believes owning a home is a keystone of wealth… both financial affluence and emotional security.
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Other financial benefits
• Tax deduction on mortgage interest and real estate taxes
• Pay off your mortgage rather than your landlord’s
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Other financial benefits
• Real estate has performed better than the stock market over time
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Other financial benefits
It can be cheaper to buy than rent in Wisconsin
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Rents go up, the money you pay is no longer your own
Based on a 6% rental increase each year, if you now pay:
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Home affordabilty is high
An index of 100 is defined as the point where a median-income household has enough income to qualify for the purchase of a median-priced home, assuming 20% down and
25% of gross income devoted to mortgage interest and principal payments.Wisconsin Housing Affordability Index is 291
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Interest rates remain low
Look what monthly savings would be wiped out with even a small increase in interest rates
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Where interest rates have been and look how much less the monthly payments are now.
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Rates are expected to rise... This is opportunity time.
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Sales are up and prices are on the rise
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Steady price increases are expected
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Even with all the financial reasoning, it is not about money
• Freedom to personalize your space• Yard for friends, family and pets• Sense of community with neighbors• Have space to engage in hobbies• Sense of accomplishment on achieving the American
Dream
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Even with all the financial benefits, it is not about money
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Even with all the financial benefits, it is not about money
Search Wisconsin real estate for sale at firstweber.com
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Home is at the heart of living
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