Personally, I have never, ever, found it advisable to wait on a real estate transaction. I bought a property in '08, three months before the crash. It has now doubled in value. Could I have waited and gotten it a little cheaper? Yes. But then I might not have gotten that house in that neighborhood. And when the economy looks good, it never pays to wait....time to get off the couch.
- 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 5.1% by 2019.
- CoreLogic predicts home prices to appreciate by 4.3% over the next 12 months.
- If you are ready and willing to buy your dream home, find out if you are able to!