The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 15.1% (most pessimistic) and 32.8% (most optimistic). The bottom in home prices has come and gone and home values will continue to appreciate. There is no sense in waiting – now is the time to buy!
Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of 2015. An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.
According to a paper from the Joint Center for Housing Studies at Harvard University:
“Households must consume housing whether they own or rent. Not even accounting for the more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”
The ‘cost’ of a home is determined by the price of the home and the current mortgage rate and it appears that both are on the rise. But, what if they weren’t? Would you wait? Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy. If the right thing for you and your family is to purchase a home this year, buying now, rather than later, could lead to substantial savings.
Meet The Expert And Know His History
Rabi Aboulhosn has an extensive background in Commercial and Residential Real Estate.
He maintains over 10 years of Residential, Multifamily, Industrial and Commercial sales experience, with particular expertise in Residential, Multifamily and Industrial sector as well as recognizing the dynamics of mortgage real estate.
Rabi works with motivated buyers and sellers, overseas clients and investors.
Throughout his years in Real Estate, he was honored with the Award of Excellence in Sales and Business Transactions. He maintains a positive sales environment by guiding potential buyers and sellers on the market conditions and services when necessary.
Rabi understands the importance of knowing how to overcome objections and challenges. He demonstrates expert communication and negotiation skills.
His business is built on Dedication, Communication, Determination, Integrity, and Trust, While embodying the ability to cater and adapt to all his client’s needs, with a straightforward approach of communicating facts and offering options that will empower you to make sound educated decisions regarding the anatomy of real estate. He looks forward to partnering with you in your future endeavors,
Rabi Aboulhosn Residential | Commercial | Real estate| | Multi-Family Investment Specialist
RAH Properties at Keller Williams Realty – Beverly Hills
439 North Canon Drive, Beverly Hills CA 90210
Direct Line: (310) 606-0101