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

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

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 are ready and willing to buy your dream home, now is a great time to buy.