What is the Cost of Waiting Until Next Year to Buy?
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.
WHAT IF I WAIT A YEAR TO BUY A HOME?
National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates.