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

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

 

Probably the biggest question a Millennial asks when contemplating making the leap into homeownership – should I buy now or later? If you are one of the many Millennials born between 1981 – 1997 seeing your friends and family diving into the real estate market, you are probably asking yourself the same question!  Here’s information that will show you what a difference a year can make! Click the image below to download the infographic.

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

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.