• English
  • Español
AGENTS: Did you know you can share a personalized version of this post? Learn more!

Moving-Up? Do it NOW not Later

Moving-Up? Do it NOW not Later

A recent study revealed that the number of existing home owners planning to buy a home this year is about to increase dramatically. Some are moving up, some are downsizing and others are making a lateral move. Another study shows that over 75% of these buyers will, in fact, be in that first category: a move-up buyer. We want to address this group of buyers in today’s blog post.

There is no way for us to predict the future but we can look at what happened over the last year. Let’s look at buyers that considered moving up last year but decided to wait instead.

Assume they had a home worth $300,000 and were looking at a home for $400,000 (putting 10% down they would get a mortgage of $360,000). By waiting, their house appreciated by 13.8% over the last year (national average based on the Case Shiller Pricing Index). Their home would now be worth $341,400. But, the $400,000 home would now be worth $455,200 (requiring a mortgage of $409,680).

Here is a table showing what additional monthly cost would be incurred by waiting:

Move Up Cost of Waiting (2)

Prices are projected to appreciate by over 4% and interest rates are also expected to rise by as much as another full percentage point. If your family plans to move-up to a nicer or bigger home this year, it may make sense to move now rather than later.


In the two most recent editions of KCM, we have broken down the Cost of Waiting for Move-Up Buyers. Members can login now to download this information today. If you’re not a KCM Member yet, start your free trial to add materials like this to your business.

Members: Sign in now to set up your Personalized Posts & start sharing today!

Not a Member Yet? Click Here to learn more about KCM’s newest feature, Personalized Posts.

4 replies
      • Mike
        Mike says:

        The omission of the gain in the house you stayed in would leave me to believe that the answer to my previous question is “yes” rather than “no”. I think for the credibility of the example it should be accounted for.

    • Ruth Norlington
      Ruth Norlington says:

      Hi Mike,
      The example in question only shows a mortgage amount and the interest rate.
      It is ‘estimating’ the value of the homes will rise and it has been ‘predicted’ that
      the interest rate will rise.
      For more info you can visit the website that I obtained the info from:


Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *