What Is the Cost of Waiting Until Next Year to Buy?
![What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2019/09/26072655/20190927-MEM-1046x1354.jpg)
Some Highlights:
- 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’re ready and willing to buy your dream home, now is a great time to buy.
Salt Lake homebuyers, on average, paid $120,000 more than they did the same quarter last year
Numbers Don’t Lie – It’s Still a Great Time To Sell
Numbers Don’t Lie – It’s Still a Great Time To Sell Some Highlights Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is...
Experts Project Mortgage Rates Will Continue To Rise in 2022
Experts Project Mortgage Rates Will Continue To Rise in 2022 Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates...
Sellers Have Incredible Leverage in Today’s Market
Sellers Have Incredible Leverage in Today’s Market With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of...
The Mortgage Process Doesn’t Have To Be Scary
The Mortgage Process Doesn’t Have To Be Scary Some Highlights Applying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here are some tips to help you prepare. Know your credit score and work to build strong credit. When...
Housing Challenge or Housing Opportunity? It Depends.
Housing Challenge or Housing Opportunity? It Depends. The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced...
There Are More Homes Available Now than There Were This Spring
There Are More Homes Available Now than There Were This Spring There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale...
Knowledge Is Power When It Comes to Appraisals and Inspections
Knowledge Is Power When It Comes to Appraisals and Inspections Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and...
Your Home Equity Is Growing
Your Home Equity Is Growing Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business,...
Important Distinction: Homes Are Less Affordable, Not Unaffordable
Important Distinction: Homes Are Less Affordable, Not Unaffordable It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent...