There are many people deciding on whether to sign a new lease on a rental property or take the dive into homeownership. Every situation is different. However, with rents, home values and mortgage interest rates projected to rise, buying now might make a lot more sense than waiting until next year.
Here are others who seem to agree:
“Economists see several reasons why 2015 might be a banner year for homebuying — and not just in San Francisco and Miami.”
An article on Consumer Affairs:
“If you have been thinking about purchasing a home, the first half of 2015 might be a good time.”
An article on Fox Business News:
“As rent increases, it simply makes more sense to buy a home.”
Bottom Line
Buying earlier in the year probably makes more sense than putting off the decision.