Buying a Home, Homeownership Costs, John Martelotti - Staten Island Real Estate Sales

Should I Wait Until Next Year? Or Buy Now?

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Well, it all depends. The current market environment points to higher prices plus higher interest rates in the next 2 years. It could cost you.

Some Highlights:

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 4.6{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} by next year.
  • CoreLogic predicts home prices to appreciate by 5.3{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

Source: Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC]