No doubt you’ve heard the news: the housing market hit a rough patch this summer. Sales of existing homes declined at a rate that took many by surprise, sending pundits into a “what’s next” tailspin. 
As the prognosticators pondered, savvy buyers didn’t miss a beat. They got that the doomsayers were taking a one dimensional view of the buyer’s market and that market skittishness gives rise to an even more favorable climate for buying a home.
Recent history has reframed some of what had long been taken for granted about buying a home.
Namely, we’ve learned that even though buying a home remains one of the best and safest investments available, a home should not function as an ATM or a short-term speculation strategy.
So, where does that leave us? A lot smarter…and able to recognize an opportunity when we see one, and aware of the facts that point to NOW as the prime time to buy a home.
Ambrose Team will be exploring these 7 Reasons why now is a great time to buy a home now as the holidays approach:
- Home affordability is at an all-time high.
- Median mortgage payment compared to median household income is lower than it’s been in a generation!
- Mortgage rates are at rock bottom.
- It’s hard to imagine interest going lower, and when they inch back up, monthly payments & total loan costs will spike upwards too!
- Home prices are back on the rise.
- After declining for 30 months, home prices around the country are trending back upward. The time to get into the Wichita market is now before that trend hits home!
- Sellers are motivated.
- Sellers are motivated to take advanatge of this market for themselves as Buyers…or they have other motivations such as job relocations, etc. From Banks looking to dispose of foreclosure properties, and avoiding foreclosures by approving short sales; to homeowners fiercely competing among an excess of housing inventory, buyers have untold choices & negotiating power. Buyers have the upper hand!
- Financing is readily available.
- Banks are back in the game and ready to lend to well-qualified buyers.
- Owning vs. renting is increasingly favorable.
- Since 2009, the average principal and interest payment has fallen below the average rental rates, and the gap is now wider than it’s been in 22 years!
- Home Ownership is still at the core of the American Dream!
- Owning a home is critical to financial stability and wealth building (having a house paid for by or before retirement age makes all the difference for people’s lives in their ability to save money for retirement & live comfortably on a reduced income. What could you accomplish if you had no house payment & owed no rent each month? The way to get there is buy smart & pay it off with help with a great rate today!). It’s a forced savings account, a place to live & a fabulous tax deduction.
This is a Trade-up or First time Buyer’s dream market! Get yourself the smartest gift this year…a great buy in the Wichita real estate market!
Questions about the market today?
Want to know what your home would sell for Now?
What kind of great buy could you get today?…Talk to Ambrose Team! 773-SOLD
Written by Katherine Ambrose, ABR, CDPE, CRS, GRIAmbrose Team, Inc. 316.773.SOLD
Founder & Assoc. Broker: Keller Williams Hometown Partners LLC
316.807.5079
kambrose@kw.com



Are you ready to buy a home In Wichita? Buying power has never been this big! 






