If you’re a first-time homebuyer, now might be a great time to buy a home. With mortgage rates lowering and inventory rising, buying a home can be an affordable option.
Mortgage rates are lowering. The average 30-year fixed rate mortgage is around 6 percent.
Inventory is also on the rise. According to realtor.com, inventory rose 26 percent from a year ago in May 2021, meaning there are more homes available to buyers. The increase in inventory gives buyers more options and may provide more of an opportunity to find their dream home.
First-time homebuyers may also have the added benefit of tax credits and other incentives.
We have homes ready for first time buyers in Philadelphia on the market. Please reach out to us to find out how we can help you get in your first home.
