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 Buyis 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!
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