Is 2012 A Good Year To Buy A House?

by reddoor on April 24, 2012

There may be several reasons for you to want to buy a home. You’re ready to commit to a certain area and call it home, you’re ready to make a financial investment, housing prices have dropped to an affordable level and the market is highly favorable for home buyers. How do you tell if it’s a buyer’s market? In a buyer’s market, the price of a home will be under 20 times a year’s worth of rent for an equivalent home. If the price of a home is more than 20 times the annual rent, it’s generally better to rent.

Today’s housing climate is better for home buyers. The average price of homes for sale in the US is currently around 19 times the average annual rent. The general housing climate is much friendlier than a few years ago, but still fluctuates greatly depending on your specific location. Some of the buyer’s markets in 2011 were Charlotte, Inland Empire, Phoenix, Raleigh, Sacramento, San Diego and San Jose.

The decision to buy or rent also depends on your lifestyle and long-term goals. 2011 saw a resurgence in buyer’s markets across the country and that trend is likely to continue for the foreseeable future. It’s true that housing markets will fluctuate from year-to-year, but owning property remains a wise investment over time.

Learn more about the housing market including the pros and cons of buying vs renting in the infographic below.

Home Buying Infographic


 

Grab the embed code below:

{ 10 comments… read them below or add one }

John Horton April 24, 2012 at 7:24 am

Very nice infographic, well done and easy to understand.
Great job,
John

Reply

Meridith Doucette April 30, 2012 at 8:28 am

Glad you enjoyed it!

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Alma Jacobs April 25, 2012 at 5:13 am

Great Job Shea Homes…

Great information

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Meridith Doucette April 30, 2012 at 8:29 am

Thank you!

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Rebecca Utermohlen May 1, 2012 at 12:41 pm

Could I use this in a newsletter if I give you guys credit?

Great info!!

Reply

Meridith Doucette May 7, 2012 at 9:58 am

Hello Rebecca,

You can link to this post in your newsletter by using this link: http://blog.sheahomes.com/category/buying-guide/

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Christine May 3, 2012 at 9:03 pm

Having a very specific infographic image, for sure many home buyers will be interested to look for nice house to live.

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Property to rent May 4, 2012 at 2:01 am

Great infographic used here. Easily understand. Thank you.

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Meridith Doucette May 7, 2012 at 11:03 am

Thanks!

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Kevin Grand April 16, 2013 at 8:25 pm

Very informative infographic. Considering the improving job market, low mortgage rates and low home prices, 2013 is expected to be a very good year to buy or sell a house.

Reply

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