Last month the Housing Market Index (HMI) was at its highest in nine years. The HMI is based on homebuilder surveys around the nation and is considered a good indicator of how confident home buyers are in the current market
A HMI over 50 is considered a sign that the market is headed in the right direction. In September it was at 59.00. That’s the highest it’s been since November 2005 (read: it’s better than it was even before the housing crash in 2009!). And this month the reading is still good—58 for the Southern U.S.
Another reason that now is a great time to buy a home: Mortgage rates are at their lowest since June 2013. According to Freddie Mac, the national average for 30-year mortgages are at 3.97.
In short, things are headed in the right direction for home buyers right now.
If you’re looking to buy a home in Greenville, don’t miss this strategic timing. Talk to us and we’ll walk you through all the steps you need to find your dream home.
P.S. This is a great time to sell, too. If you’re ready to get your house ready for the market, we can help. Use this tool to see what your home is worth. No one sells homes faster or for better value than the agents at the Haro Group!