Page 41 - Flathead Beacon // 12.30.15

KELLEY’S MARKET TRENDS 42 FLOOR SPACE 43 Real Estate
Time to Buy in 2016
FOTOLIA.COM
IBY KAREN NEUMANN
S IT REALLY 2016 ALREADY? FOR those of you who happen to be plan- ning on buying a home in the new year
– or even just trying to – there’s a whole lot to celebrate. Why? A variety of nan- cial vectors have dovetailed to make this the perfect storm for home buyers to get out there and make an (winning) o er. Here are six home-buying reasons to be thankful while ringing in the new year:
Reason No. 1: Interest Rates are Still at Record Lows
Even though they may creep up at any moment, it’s nonetheless a fact that inter- est rates on home loans are at historic lows, with a 30-year xed-rate home loan still hovering around 4 percent.
“Remember 18.5 percent in the ’80s?” asks Tom Postilio, a real estate broker with Douglas Elliman Real Estate and a star of HGTV’s “Selling New York.” “It is likely that we’ll never see interest rates
this low again. So while prices are high in some markets, the savings in interest payments could easily amount to hun- dreds of thousands of dollars over the life of the mortgage.”
Reason No. 2: Rents Have Skyrocketed
Another reason home buyers are lucky is that rents are going up, up, up! (This, on the other hand, is a reason not to be thankful if you’re a renter.) In fact, rents outpaced home values in 20 of the 35 biggest housing markets in 2015. What’s more, according to the 2015 Rent.com Rental Market Report, 88 percent of property managers raised their rent in the past 12 months, and an 8 percent hike is predicted for 2016.
“In most metropolitan cities, monthly rent is comparable to that of a monthly mortgage payment, sometimes more,” says Heather Garriock, mortgage agent
CONTINUED ON PAGE 42
INVESTMENT OPPORTUNITIES
BRAND NEW CONDOMINIUMS
3BR/2 BA
Appliances, Window Coverings and Awesome Mountain Views Included!
Diane Road in Columbia Falls
HANDICAP ACCESSIBLE
ENTIRE SIXPLEX TURNKEY
starting at $750,000 LAND INCLUDED WHOLESALE PRICE
• Right next to 5 acre park
• Close to White sh & Kalispell
• Glacier Park within 30 Min drive.
• 10 minutes to
Glacier International Airport
• Close to shopping
ACT NOW!
Randy Jones Construction INC.
347 W Idaho St, Kalispell, MT 59901 Of ce: 406-257-2196 • Cell: 406-261-3272 [email protected]
11TH 6-PLEX
ONE
SOLD
6-PLEX
LEFT IN PHASE 6!
DECEMBER 30, 2015 // FLATHEADBEACON.COM
41
FULL