With the summer in full force, the sun shining outside, and great events almost every night right now is the perfect time to buy Port Jefferson real estate. However, the weather isn’t the only factor in making this a great time to own real estate. Rental prices are high and mortgage rates are low, which are making homes more affordable.
There has always been a debate on whether you should buy or rent a home. Right now with rental prices shooting through the roof, owning is the best idea. Reports from AOL Real Estate say that U.S. rental prices rose approximately 5.4% over the last year. There is no evidence on how long this rise will last so right now would be a wonderful time to go out and buy Port Jefferson real estate.
Everyone in the country always thinks about mortgage rates when going to buy a home. At this point with mortgage rates so low, it is the ideal time to go out and buy. It is hard to go to a real estate website, turn on the TV, or open a newspaper without being bombarded of the news of low mortgage rates. It doesn’t matter if you are buying your first home, or if you are a veteran at home buying, the rates are low which makes housing easier to finance.
The summer season is a great time to go out and buy a home. With the weather so refreshing, trying to find your dream home will be a breeze. Being able to easily access the roads and not having to worry about a snow storm any moment takes pressure off your shoulders as you find your new home. With people constantly outside, it also gives you a chance to meet your new neighbors, and get to know the people in your area. Summer is also the time to enjoy local events, from fairs to outdoor music concerts, these events are always fun to attend.
Three Village/Port Jefferson Real Estate Expert