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Should I Buy Now Or Wait Until Next Year? [INFOGRAPHIC]

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Should I Buy Now Or Wait Until Next Year? [INFOGRAPHIC] | Keeping Current Matters

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 4.8% by next year.
  • CoreLogic predicts home prices to appreciate by 5.3% 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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5 Responses to “Should I Buy Now Or Wait Until Next Year? [INFOGRAPHIC]”

  1. jwa January 22, 2016 at 5:43 pm # Reply

    What if some of the economists are right and America enters a deflation period? Or there are regional bubbles (texas/denver) and they pop the coming year?

    • Jessica January 28, 2016 at 10:14 pm # Reply

      The Market will jump back eventually. It always does, so you wait in the meantime. “Buy low, sell high.”

    • George W January 30, 2016 at 11:12 am # Reply

      Denver is not experiencing a “bubble”, there are still many people moving to Denver for the plentiful jobs (“Green” and others) available here. The seller’s market is expected to continue for another 2-3 years due to the record shortage of homes available for sale.

    • Jack Girvan February 5, 2016 at 11:32 am # Reply

      Just like stock market investors can’t time the market neither can home buyers. What we do know is that interest rates are at the lowest levels in the history of mortgages and that they WILL go up dramatically. When they do go up they will rise quickly. History has shown that there volatility increases after a presidential election.

      In the meantime you need a home to live in. The net affect of tax savings, and principal reduction are further reasons to buy now.

      • Sam April 24, 2016 at 9:57 pm # Reply

        Everyone should hold off buying for one month. Let’s have buyer’s market month. The buyers should be the one control the market. Don’t listen to any real estate agent or expert, they always tell you to overbit when you buy your house, that’s how they get the market so high in the Bay Area.

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