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What is the Cost of Waiting Until Next Year to Buy?

Wednesday, October 2, 2019   /   by Angel Murillo

What is the Cost of Waiting Until Next Year to Buy?

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Some Highlights:

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
  • CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
  • If you’re ready and willing to buy your dream home, now is a great time to buy.

  house hunting, first time home buyer, real estate, new home