Best Time to Buy Is Now

TODAY’S HOUSING MARKET

This may be your best opportunity market in years. Mortgage interest rates are low and prices in Illinois are holding strong, making housing a solid long-term investment.

Homeownership builds wealth over time.
A $10,000 down payment on a typically priced home in
the U.S. at a typical home price appreciation of 5 percent
will return $110,000 after 10 years. The same $10,000
invested in the stock market appreciating at 10 percent
annual increases will result in $23,600.
(Source: National Association of REALTORS®)

You have plenty of options.
Those looking to buy now have an advantage with
a large inventory to choose from.

Financing is available.
Conforming loans area abundantly available at historically
favorable mortgage rates for those with good credit.
Illinois has many first-time buyer programs.

The economy is sound.
The Illinois unemployment rate is low and job gains continue.

Prices are right.
Those investing in a home and keeping it for a typical holding period
of six to ten years will be most likely to see their investment pay off.

*This information has been made available by the Illinois Association of Realtors.

Jim Starwalt

Thinking of making a move? Log onto my website at www.StarHomeFinders.com and search the Multiple Listing Service from over 150,000 homes for sale. Registering is quick and easy!

Jim Starwalt, Broker Associate RE/MAX Center, Phone: 847-548-2625 Jim@StarHomeFinders.com