What is the Cost of Waiting Until Next Year to Buy a Home in Charlotte? [INFOGRAPHIC]

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Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

What is the Cost of Waiting Until Next Year to Buy a Home in Charlotte? [INFOGRAPHIC]

 

The process of buying a home can be overwhelming but, you don’t need to go through the process alone - I’m here to help.

 

You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall in the last two quarters of 2019. CoreLogic predicts home prices will appreciate by 4.8% over the next 6 months. In Charlotte proper, our home prices increased 6.9% last year. 

The cost of waiting

 

Interest rates - Freddie Mac predicts that interest rates will rise to 4.5% by the end of 2019. Is it also wise to consider that next year is an election year and investments of all kinds (stocks & real estate alike) are far more volatile during an election year. Conversely, the interest rates remain quite low this year and sales prices continue to rise due to low inventory.

 

In a nutshell, NOW couldn’t be a better time to buy a home in Charlotte.

 

What is the Cost of Waiting Until Next Year to Buy a Home in Charlotte? [INFOGRAPHIC]

*Data & infographic provided by Keeping Current Matters (KCM)

 

 bottom line

 

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020.
  • CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
  • If you are ready and willing to buy your dream home, let’s find out if you are able to!

 

 

© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | What is the Cost of Waiting Until Next Year to Buy a Home in Charlotte? [INFOGRAPHIC]

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Buyer Information - What Buyers Need to Know in Today's Market
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Rainmaker
4,870,348
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Debe Maxwell, CRS NOW is a great time to buy.... but if you can't for whatever reason, any time is better than no time.... real estate is NOT day trading....it's a long term investment.... buy when you're able and live it in until you don't fit or it's time for a larger or smaller investment....

Jun 11, 2019 04:42 AM #1
Rainmaker
3,168,586
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Debe. Now is the time in your market to make the purchase. Enjoy your day!

Jun 11, 2019 06:02 AM #2
Rainmaker
1,648,683
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

I have to go find this graphic on KCM - great information to share 

Jun 11, 2019 06:18 AM #3
Ambassador
3,743,217
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Debe I love the look and info on the infographic.  Great job!!!

Jun 11, 2019 02:03 PM #4
Rainmaker
2,827,871
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Debe.

We bought our home 5 years ago, it is amazing on the price we can get for it today.  BTW, we are looking to move, just haven't found the right place yet

Jun 12, 2019 01:57 AM #5
Rainmaker
5,264,652
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home buyers should pay very close attention to your advice.

Jun 12, 2019 04:41 AM #6
Rainmaker
359,198
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Hi Debe Maxwell, CRS Great post. Buyers should take advantage of the low interest rates. 

Jun 13, 2019 10:59 AM #7
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Debe Maxwell, CRS

Charlotte Homes for Sale - Charlotte Neighborhoods
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