I often get asked when is the best time to buy a house. And the answer often depends on your circumstances, goals, and needs. However in this article I post 3 reasons to buy a house now in Egg Harbor Township, NJ.
- Interest rates are low. Interest rates are now at about 3.92%. This is a historically low rate. If rates go up that will decrease the loan amount that a buyer can afford.
- Inventory is good but shrinking. Inventory is down in many of the neighborhoods of Egg Harbor Township. Lower inventory can cause home prices to increase. Several communities are experiencing price increases. It’s better to buy now before prices continue to increase.
- Newer inventory of homes for sale. At the peak of the real estate market Egg Harbor Township was a new construction boom town. Many developments were built at that time. There typically is a good inventory of homes for sale that are built in the 90s and 2000s. If you’re looking for a newer home Egg Harbor Township is a great choice. There are also developers building brand new homes.
Bonus: If you have kids buy now to get your children into the school system in time for the new school year. Egg Harbor Township High School has an A rating.