FIVE REASONS TO BUY NOW

1) Prices are on the rise. The Home Price Expectation Survey polls 100 economists, investment strategists and housing market analysts. All report to expect rising prices for the next 5 years. 2) Mortgage rates will increase. They are being kept artificially low to keep our economy moving. Inflation is a concern and is hovering nearby. They can’t stay low forever. 3) Rents are continuing to skyrocket. And you can’t deduct your rent. Interest deduction on your primary home remains one of the very best write-offs for the average tax payer. 4) New Mortgage Regulations to be announced--6 regulators, including the Dept. of Housing and Urban Development, the Office of Comptroller of the Currency, and the SEC are currently drafting the new Qualified Residential Mortgage (QRM) rule. It will concern minimum down payments and minimum FICO scores. Buying could get a lot tougher. 5) Timelines will be shorter.