“Home prices will appreciate by 5.4% over the next 12 months.”
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.
To view original article, visit Keeping Current Matters.
5 Things Homebuyers Need To Know When Making an Offer
When it’s time to make an offer, it’s important to consider not just what you need, but what the seller may need too.
Don’t Wait To Sell Your House
If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low.
Hope Is on the Horizon for Today’s Housing Shortage
Despite today’s low inventory, there is hope on the horizon. As the country continues to reopen, more homes will be listed for sale.
The Right Expert Will Guide You Through This Unprecedented Market
Finding the right agent should be your top priority when you’re ready to buy or sell a home.
Home Price Appreciation Is as Simple as Supply and Demand
The reason prices continue to accelerate is that housing inventory is still at all-time lows while demand remains high.
In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price
Today, the asking price is often becoming the floor of the negotiation rather than the ceiling.