Main Line Real Estate Hold Stable Values
The Main Line is a unique area with classic Stone Colonial homes, large estates and the posh, bustling downtown Philadelphia because of its proximity to Wall Street and Washington D.C., and Amtrak does a booming business with daily commuters from the Main Line. Albeit a bit more expensive than other big cities it is a bargain compared to neighboring Manhattan, Connecticut, Washington D.C.
The Main Line has historically been a sound real estate investment with stable, progressive, increasing values. The location, top-rated public and private schools and hospitals drive the real estate values.
If you’ve been thinking about buying a home, this might just be the time to do it. Rates on fixed-rate loans are still appealing, and experts say it’s still cheaper to buy than rent. Buying a home is 44% cheaper than renting in the 100 largest metro areas in the US. While this data was calculated based on last year’s lower mortgage rates, there is still a significant price difference in total monthly costs with today’s rates.
If you have good credit history and some savings available for a down payment, you might just be able to get a loan for your dream home this year and build the investment in your own home. Please email me with any questions at email@example.com