You Snooze, You Lose
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!
