What Is the Cost of Waiting Until Next Year to Buy?

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | MyKCM

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.

According to the Salt Lake Board of Realtors®Salt Lake home sales year-to-date are roughly the same as they were last year at this time. While everyday life has changed, the current economic quarantine could be short-lived, according to Lawrence Yun, chief economist...

A Recession Does Not Equal a Housing Crisis

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A Recession Does Not Equal a Housing Crisis Some HighlightsThe COVID-19 pandemic is causing an economic slowdown.The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.All things considered, an...

Three Reasons Why This Is Not a Housing Crisis

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Three Reasons Why This Is Not a Housing Crisis In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks...

Two Big Myths in the Homebuying Process

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Two Big Myths in the Homebuying Process The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of...

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