Toll Brothers Says Now is the Time to Buy Cook County New Homes

November 21, 2012

cook county new homes by toll brothersThinking about purchasing Cook County new homes before the New Year? Toll Brothers has some advice on why now is the perfect time to buy!

Mortgage rates were at historic lows during the first half of 2012, but the Mortgage Bankers Association says potential homeowners could see a slight uptick in mortgage rates during the first half of 2013. So, why not take advantage of the current pricing during the final months of 2012?

Here are some other reasons on why now is such a great time to buy:

  • If you buy a home before 2013, you can deduct mortgage interest from your income taxes.
  • According to a study by Moody’s Analytics, the current ratio of home prices to income prices is 20.9 percent lower than the 15-year average.
  • Any new home purchased in 2012 will help the market rebound in 2013, since economists state that the housing supply is shrinking relatively quickly.
  • Borrowers can easily obtain mortgage financing if they have strong credit scores and a steady employment history.

Toll Brothers was recently honored as the 2012 Professional Builder of the Year, and they offer several communities in the Chicago area, including new homes in Glenview and Morton Grove.

For more information on your local Toll Brothers communities, visit the Toll Brothers website.

Do you plan on buying a new home before 2013?

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Jessica Thom

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