Market Conditions Are Great

"For anyone considering buying a new home, today's market conditions may well be the best in many decades.  Whether you are a first-time home buyer or already own your current home, now is the right time to make the move. And if you are a renter who dreams about owning a home some day, that day may be much closer than you thought possible.

In the past year, housing affordability reached near-record levels. Housing affordability, a key concern for most home buyers, is the product of a number of factors such as interest rates and new home prices.

Interest rates. The cost of financing a home is lower than it has been for years. For many first-time home buyers, mortgage payments represent the biggest cost of owning a home. With lower interest rates, the costs of home ownership have fallen or remained stable in most regions, compared to rental costs which have continued to rise. 

Mortgage flexibility. In recent years, banks and other financial institutions have introduced new and innovative mortgage "products" designed to meet the diverse financing needs and desires of home buyers. A greater selection of rates, terms and options makes it easier than ever to find the right match between income and financing arrangements.

If you have been thinking about buying a new home, now is the time to take a closer look. Talk to lenders about your financing options. Visit professional home builders to see what they offer. Contact your local Home Builders' Association in your area for more information. 

CONTENTS:

Today's new homes are better than ever
Put yourself in the picture: buy new, buy now!
The advantage of buying a new home
Some straight talk about home buying
Hints for a successful new home search
Tips on buying a new home
Market conditions are great