3 Reasons to Buy Sooner Rather Than Later in 2019

Buying a Durham Home in 2019

If you’re thinking about buying a home in 2019, you'll probably want to consider buying sooner rather than later.

Why, you ask? We explain below...


To start, mortgage rates are rising. While still low for now, the 30-year, fixed rate mortgage is expected to reach 5.8-percent by the end of 2019. That’s something we haven’t seen in about a decade, and a good reason to buy early.


Nationwide, rent prices are also expected to rise. Thanks to a good economy, rental prices should be on the upswing, again making now a good time to buy.


At the same time, home buying competition will likely only heat up as the months tick by. That’s because a large percentage of millennials will turn 29 in 2019, and that’s a prime age for home buying. In fact, millennials are in line for about 45-percent of all mortgages in 2019, so why not get a jump on buyer competition early?

Post a Comment

Blog Archives

Posts By Category

All Categories Apex (3) Area News (36) Burlington (4) Buying (90) Chapel Hill (10) Durham (5) Home Improvement (4) Just Listed (1) Local Highlights (21) Main (4) Raleigh (4) Selling (12) Selling Your Home (8) Triangle Area (5) Triangle New Construction (9) Wake Forest (3)

Posts By Month

Grab Our RSS Feed
Home Value
Get your home's value

Our free service provides you with a detailed estimate of your home's current market value.

Learn More
Home Worth
Market Stats

Up-to-date statistics on the Raleigh, NC Real Estate market, including average listing price and more.

Learn More
Open House Map
Open House Map

Find your next home and learn about neighborhoods, current market statistics, and local schools.

Learn More