There are many benefits to homeownership. One of the top ones is being able to protect
yourself from rising rents while locking in your housing cost for the life of your mortgage.
Don’t Become Trapped
Jonathan Smoke, Chief Economist at realtor.com recently reported on what he calls a “Rental
Affordability Crisis.” He warns that,
“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect
that they’ll outpace home price appreciation in the year ahead.”
The Joint Center for Housing Studies at Harvard University recently released their 2015 Report
on Rental Housing, in which they reported that 49% of rental households are cost-burdened,
meaning they spend more than 30% of their income on housing. These households struggle
to save

4 Reasons to Buy a Home in South Florida

Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last
12 months. The same report predicts that prices will continue to increase at a rate of 5.3% over the
next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists,
investment strategists, and housing market analysts. Their most recent report projects home values
to appreciate by more than 3.2% a year for the next 5 years.
The bottom in home prices has come and gone. Home values will continue to appreciate for years.
Waiting no longer makes sense.
2. Mortgage Interest Rates Are