Top Reasons to Kick off the New Year with a New Home

December 16, 2014

Gerstad BuildersWith 2014 quickly coming to a close, many Americans will be considering their goals and resolutions for the new year to come. As one of the largest investments most people will make in their lifetimes, purchasing a new home should be done with a lot of thought and careful planning. Recent reports from Freddie Mac show that the economy and housing market will continue to make big strides in 2015, making now a fantastic time to purchase a new home.

Here are some of the most recent housing market predictions from Freddie Mac:

•    Mortgage rates will continue to rise in the coming year, so buyers will want to act quickly to take advantage of the low interest rates, currently averaging about 4 percent nationwide, according to Chief Economist Frank Nothaft.
•    Home prices are expected to rise by about 3 percent during 2015, making it better to buy sooner rather than later.
•    The market will become more competitive as home sales increase by an estimated 5 percent from 2014.

Aside from the financial benefits of buying a new home now, buyers can also look forward to many other rewards when they buy new, including options for customization and personalization to meet their own style, needs and preferences.

Gerstad Builders is a family-owned and operated custom home builder with four communities in Illinois and Wisconsin. President Roger Gerstad has been building homes on the foundation of quality, integrity and value since 1985, with many ranch-style and two-story options filled with upscale features and finishes. Gerstad’s quaint communities in beautiful country settings attract many buyers looking for a laid-back lifestyle with convenient access to delicious restaurants, entertainment and recreation in the city nearby.

To learn more about the new homes for sale in McHenry, Richmond and Poplar Grove, Illinois, visit the Gerstad Builders website or call 815-385-4495.

About The Author

Read All Stories By Melissa Stocks

Melissa Bennett is an account manager with mRELEVANCE. She handles public relations and social media programs for Atlanta new home builders, many of which build product targeted to active adult homebuyers. She also contributes to the mRELEVANCE blog by writing about the latest industry news and trends.

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