Buy Now or Wait Until Next Year?

Bill LewisHome Purchasing

Are you like many other renters out there struggling with the idea of whether to buy now or wait? Here are some reasons why buying now may make the most sense.

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.