Should You Buy a House Now...or Later This Year? Maryland Real Estate

Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

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Q: My wife and I are having a discussion. She says we should buy a house now and I really think that we should wait for later on the year to buy and see if prices get cheaper... Who is right? Do you think prices will come down? 


A: A great question to ask and congratulations my have a very smart wife!

Aside the fact that the decision to buy a home should be timed based on your needs and not the market, let me give you an explanation of what we are expecting on prices this year.

A recent post from indicated the cost vs price difference in housing for 2015 to be higher at the last quarter of 2015.

This is a little hard to understand from a buyers point of view, specially if you are not a regular follower of real estate market statistics...

But here's a brief explanation what this means for you:

Should I buy a house in the first quarter of 2015?


Should I buy a house in the last quarter of 2015?

A nationwide panel of real estate experts, including economists  and investment market strategists have predicted that home values will appreciate for at least 4% by the end of the year

Additionally as they look at mortgage rate form Freddie Mac most recent commentary and projections, there is a consensus that interest rates will appreciate to 4.5 by the end of 2015

What is the bottom line if you buy now or wait until the end of the year?

This is a demonstration of what is your bottom line if you wait to buy now in dollar amounts 

Taking as an example buying a typical $250,000 home today.

buying homes


Easy to understand.

If the economists are right, for a $250,000 house, you will be paying $172.32 more per month. .

On a typical 30 year mortgage, you will end up paying a total of $62,035.20 more at the end of your loan.


Now the question comes again..

Should I buy a house in the first quarter of 2015?


Should I buy a house in the last quarter of 2015?

The answer is YES if you want to save around $60,000 in the next few years...

And you should buy your wife a diamond ring. ..for saving you all this money!




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Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Very good post and explanation of why waiting isn't always the best idea.

Feb 04, 2015 12:27 AM #1
Alan Gross
PrimeLending, A PlainsCapital Company, Equal Housing Lender - Bethesda, MD
Loan Consultant

Your are absolutely correct. Both housing prices and interest rates are expecting to rise. The economics of buying now make great sense.

Feb 04, 2015 07:49 PM #2
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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