The housing market is on the mend, evening the playing field of supply and demand. This transition is victory in the long run for our economy, but now is the time to take advantage of low home prices and even lower mortgage rates. USA Mortgage lends some insight on why you should hurry to take advantage of these.

According to CNN Money. October marks the fifth consecutive month that we have seen month-over-month increases in home prices in most markets. Even here in the greater St. Louis area, The Post-Dispatch reports home prices have seen a 2.5 percent increase – evidence that a market rebound is near.

During the heart of the recession, the advantage in the real estate process often went to the buyer. But with the market becoming more level, that upper hand is diminishing, albeit slowly. This is exactly why now is the time to buy is now. A market rebound is necessary to help improve the economy, but it does mean that we will see home prices gradually rise over the coming months.

Have you been thinking about purchasing a home? There is no time like the present – contact a St. Louis banking professional at USA Mortgage to find out how to get started on your journey to home ownership.