Should You Wait to Buy a Home?

cost-of-waiting-to-buy

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!
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