The motto for today’s real estate market should be “You Snooze You Lose“!

Interest rates have slowly begun to creep a little higher.  The number of homes for sale continues to be very, very low making it difficult for buyers to negotiate rock-bottom prices.  Instead of waiting for the cost of buying a home to go higher, maybe it’s time to hear the alarm and get serious about buying.

In their usual timely manner Keeping Current Matters takes a practical view of buyer’s power in today’s market

Some Highlights:

• 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!