Remember the 6 reasons to buy a home?

  1. Mortgage rates are CRAZY low
  2. Protection against inflation
  3. Home prices won’t be this low forever
  4. Save a lot on next year’s taxes
  5. You won’t have to think about mortgage rates again for a long, long time
  6. A stronger sense of community

 

Today we’re talking about #3 and #4…

Home prices won’t be this low forever

Prices have been sitting pretty low for a while now, but this isn’t going to last: home prices are officially on the rise. 2013 could be your final chance to snag a cut-rate price before it becomes ancient history.

Save a lot on next year’s taxes

As a homeowner, you’ll be able to deduct everything from real estate taxes, to private mortgage insurance, to loan points paid on a purchase. In other words, homeownership and tax savings go together like pumpkin pie and Cool Whip. Yummy!

 

 

Christine Bilger on DECEMBER 31, 2012