Economists are predicting increased home prices and rents for the next few years. What does this mean for you? If you are a homeowner, this is good news. Your homes value is increasing, and your investment is growing. If you are a home buyer or renter, this news is bad. It means your dollar investment will buy you less home, and if you rent, it means you will have less money to maintain your lifestyle.
So, when home values increase, who wins? The homeowner! What are you waiting for? Lets start the home buying process before the prices exceed your ability to buy. Getting prequalified for a home loan cost nothing, and the results may be a pleasant surprise.