So you say you want a new home...

  • Blog
  • 01.26.2015

So you say you want a new home...

Author: Dragas Team

Make sure you ask the questions that matter.

Okay, so you've decided to stop straddling the homeownership fence & dive into The American Dream. Throughout 2014 you went back & forth trying to decide if you should put your house on the market, move out of your apartment, or just stay put. Now that 2015 is gaining momentum, & Spence Crossing is coming out the ground, it's time to make your move! Keeping Current Matters (KCM) is a Housing Market Analytics organization that recently released the top 3 questions potential homebuyers must ask before stepping into the market.

Why in the world am I buying a home in the first place?

Where are home prices headed?

Where are mortgage interest rates headed?

You are the only one who has an answer to the first question.  You have to determine what is the underlying reason for your move. Commonly cited reasons are: looking to move-up into a bigger space, searching for more bang for the buck, or living in a recently emptied nest. Empty-nesters & Millennials alike are looking for a greater more diverse selction of homes to choose from. Due to an increased inventory of homes, home prices have become less competitive (thanks to good ole' Supply & Demand). As far as interest rates are concerned, they're holding at 3.81% for a 30-year fixed loan. Economists are projecting that rate to increase as the year goes on--encouraging people to take advantage of the current rates. No matter the reason, once you feel the itch to move it may be a sign of Spence Fever or the Dragas Bug. Families who move into Dragas Communities tend to be hooked for life, enjoying the luxury that comes along with well-planned, affordable homes in beautifully landscaped neighborhoods.