Buy or RentThe rising cost of rent is encouraging many people to buy a home in Boise!

One reason many people are currently looking to buy a home in Boise is to escape the rising cost of rent in our area.  And, it's not only Bosieans that are feeling the push.  A recent survey reported by Realtor Magazine found that 50% of Americans expect the cost of rent to increase enough within the next year to make them lean toward buying a home.  When you consider this with Fannie Mae's expectation that the cost of rent will increase more rapidly than the cost to buy, the choice to buy a home in Boise seems like a good one!

There are more reasons to buy a home in Boise NOW then just the rising cost of rent

In the same survey reported on by Realtor Magazine, 72% of the people surveyed agreed that now is a good time to buy a home.  Here are just a few of the reasons why it makes sense for people to get off the fence and buy a home in Boise NOW!

  • Mortgage rates are at historic lows, which greatly increases the affordability of homes.
  • Home prices are still on the low end, but are steadily increasing and will become more expensive the longer you wait.
  • There are still low cost foreclosures and short sales on the market.  However, the number is decreasing at a growing rate, meaning that the longer you wait the fewer opportunities you will have to pick up a good deal on these types of homes.
  • See more great benefits of home ownership HERE!
If the rising cost of rent concerns you, give me a call at (208) 861-5639 or send me an email.  I would love the opportunity to help you avoid the rising cost of rent by assisting you to buy a home in Boise today!