Are you one of the many Millennials (born between 1981 - 1997) wondering if you should buy a home? Look at this Infographic and discover the cost of waiting. The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.6% by next year. CoreLogic predicts home prices to appreciate by 5.3% over the next 12 months. The bottom line is if you are ready and willing to buy real estate, start from what you can afford to purchase. This strategy reduces disappointment and can help you finish a dream. Contact Emily Medvec for a first time home buyer consultation. Waiting costs both money and your valuable time. If Santa Fe is your destination, start your search here.
By the way, this is important information for home sellers. If you are on the fence about selling your home and moving forward, this is how much your delay may cost the future owner of your home. If you want a market analysis of your real estate value, click here.