The cost of waiting to buy a home in a rising interest rate market!
October 2, 2018 | Jeff Hallman
Have a goal of buying a home and stop paying your landlord's mortgage?... Thinking of waiting next year? Pretty common thought for sure. Check out this infographic from our Affiliate Partner KCM on the cost of waiting to buy. One thing to keep in mind is this is national trends...when you take into account Washington State, and specifically NCW, where Growth Management has limited potential homes and lots, you have a limited supply in the chain already.

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 5.2% by the third quarter of 2019.
  •  CoreLogic predicts home prices to appreciate by 5.1% over the next 12 months.
If you are ready and willing to-go through the process on what you should know to buy your home, contact AGENT509 today at 509.315.3630 or email at office@agent509.com.

Share

check_circle

You message has been sent!

Send us a Message: