These 2 charts prove that NOW is a great time to buy a home. We have declining rates & rising rents.
The first chart shows that Raleigh Mortgage Rates were over 5% this time last year, today a well qualified buyer can get less than 4%…the bottom chart shows that on average, Rent has increased over 7.5% since 2009and is projected to increase another 8% by 2014! Eventually rates will rise & affect a buyers affordability.
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