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]