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