Should You Wait to Buy a Home?
Real Estate Bottom Line
- The “Cost of Waiting to Buy” is defined as the additional funds it takes to buy a home if prices and interest rates increase over a period of time.
- Freddie Mac anticipates mortgage interest rates will increase to 4.8% by this time next year.
- Home prices are predicted to appreciate by 4.8% according to CoreLogic.
- Waiting until 2018 to buy a home could cost you thousands of dollars/year for the life of your mortgage!