5 Reasons First-time buyers should purchase a Home right now in Los Angeles At some point in time, you may feel that you’re ready to buy your first home. However, it may not be the right time for other individuals. When that time comes, there are several factors that need to be considered, such as: ● area you’re considering ● current state of the real estate market ● home prices ● inventory of available homes ● mortgage interest rates Here are 5 reasons why this might be the right time for you to purchase your first home: ● Buying a home now gives you the opportunity to start building equity sooner than if you wait for a while before making that purchase. ● Home prices are continuing to rise quickly, but are expected to moderate somewhat over the ensuing year. ● Interest rates are still sitting at near historic lows and that translates into lower mortgage payments and significant savings if you buy now. ● Interest rates will probably remain low on 30-year fixed-rate mortgages for the balance of 2021 and into 2022. ● Since 2015, there has been a housing shortage. However, there are indications that this will be improving. If you’re interested in learning more about programs for first-time home buyers, you should speak with a knowledgeable lender or mortgage broker beforehand. Shannon Christenot 700 Flower St #1000 Los Angeles, CA 90017 Hours: Monday-Saturday 9am-5pm https://www.google.com/maps?cid=5645542632766781645