Should You Buy Now or Next Year?

By
Real Estate Broker/Owner with KEAP Real Estate BRE# 01912137

... This is a very common question I get asked by potential buyers, my friends and family.  There is a misconception that the home prices will decline in the near future and many people are postponing the purchase of their homes until next year to ensure they get more for their buck.  Well, I would hate to be the bad news barer, but according to the data below, it is NOT advised to postpone buying your home.  

 

After reading the information provided in the graphic below, contact me to discuss your options.  There are many products available out there to meet your specific needs including but not limited to down payment assistance programs.

 

To have an idea of what the real estate market is like in your area withing the state of California, please visit Buyer's Portal.

Comments (2)

Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

Whether home prices drop in the next year, stay level or rise.  It won't matter, because I believe the Feds are dead set on raising interest rates no matter what.

May 10, 2016 02:33 AM
Amy Palian

I agree.  Even if the home prices remain the same, the increase in interest rates alone is enough to inform the buyers that they should buy now.  Also, if they buy now, there is a high probability that they will build equity within the year.  It is a win win situation to buy now vs next year: lower rates and opportunity to build equity.

May 10, 2016 02:43 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

With steadily rising property values and homeowners' equity, the housing market continues to regain its footing while mortgage delinquency and home foreclosures go down.

May 24, 2016 04:36 AM
Amy Palian

You are absolutely correct dear Inna.  It is a win-win situation for both buyers and sellers. 

May 26, 2016 07:52 AM

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