The real estate market comes and goes each year, but, 2016 is looking to be a banner year for buying real estate in Carmel, IN. Even though mortgage rates are set to go up soon, you still haven’t missed your chance on a deal of a house. Per the experts at CNN Money, several factors are coming together to make 2016 a great year to buy a home in Carmel, IN.
Prices slowing down. Real estate values have been on the rise but they will slow down in 2016 leaving you the perfect time to jump into the real estate market.
Mortgage rate changes. The time of the super cheap mortgage is on it’s way out. Rates are expected to go up gradually but you should be able to take advantage of the best rates you will see, possibly in your lifetime, through most of 2016.
Rent prices still going up. The new year will bring with it a continuation of climbing rent prices. Why deal with the stress of raising rent while you pay your landlord’s mortgage? Start building your own equity in your own home. In most cases, buying is the smartest choice in Carmel, IN.
Rodney & Amanda Heard
Heard Real Estate Team