Should I buy a house now or wait to buy until next year?
Are you one of the many Millennials (born between 1981 – 1997) who sees your friends and family buying real estate and wondering if now is the time for you to buy a house?
Find out the difference a year could make in the real estate market!
Interest Rate 3.83%
Home Price $250,000
Mortgage Payment Per Month – Principal & Interest
Interest Rate Freddie Mac Projection 2018 4.40%
Home Price CoreLogic Projection (+5.0%) $262,500
Mortgage Payment Per Month – Principal & Interest $1,314.50
The Cost of Waiting to Buy a house 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.
What Will It Cost If You Wait To Buy Your Dream House?
Source: CoreLogic, Freddie Mac, Bankrate
Buying a house? Search houses for sale here, we have complete Multiple Listing Service (MLS) of residential houses for sale in Lake Balboa, Van Nuys, Reseda, Woodland Hills, Chatsworth, Canoga Park, North Hills, Northridge, Tarzana, Encino, or any other San Fernando Valley and Santa Clarita Valley area real estate.