There are numerous buyers of all different kinds out there; investors, first time home buyers, empty nesters, and move up buyers. I think everyone needs to make sure to inform their potential move up buyers of the risk of waiting. Let's take a peek at what happened to the buyers who actually did wait one year, last year.
In that one year, not only did the prices go up, but the rate did as well! This costs those buyers who decided to wait another $426 per month! Now, warp forward another year. Could they be in even a worse position?
Make sure all the potential buyer out there are aware of the potential risks of waiting another year.