217726 Reasons To Buy A Home Now

Dated: 06/11/2015

Views: 727

217,726 Reasons to Buy a Home Now! | Keeping Current Matters

The inaugural Opportunity Cost Report was released recently by realtor.com. The report explained that “with interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today's market have become very steep”.

The report estimates that, based on today's dollars, the average purchaser would accumulate $217,726 in increased wealth over a 30-year period.

(You can get the projected wealth increase for almost 100 metros here.)

What could this mean to someone sitting on the fence waiting to buy?

Experts believe that both home prices and mortgage interest rates will increase over the next twelve months. Obviously, if this does happen, the monthly cost of a home a year from now will be dramatically higher than it is today. The Opportunity Cost Reportbreaks down exactly how much a purchaser could lose over increments of one year and three years. Here are the results based on an average purchaser in the U.S. delaying their purchase:

The Cost of Waiting to Buy | Keeping Current Matters

Bottom Line

If you are ready, willing and able to buy a home, waiting doesn't make sense.

Blog author image

Lisa Birdsong

Top 1% of Texas Real Estate Teams; McSam Realtor of the Year, 2016; Certified Residential Specialist, CRS D Best Realtor, 2016, 2017 Castle Hills Realtor Advisory Board, 2016; Windsong Ranch Real....

Latest Blog Posts

How To Buy A Home With Zero Money Down

No down payment? We have a list of homes in Dallas-Fort Worth area that qualify for 100% financing through USDA program. The criteria is specific, but we have lenders to help you determine

Read More

Lease To Own The Home Of Your Choice

The path to home ownership is easier than you think. There are numerous loans available to assist you, but if those don't meet your needs then we have another option for you. And it's affordable.The

Read More

Housing Starts Tumble In July

Homebuilding in the U.S. took a downward turn in July as housing starts declined 4.8 percent, falling short of analyst expectations, the Commerce Department said on Wednesday. Year-over year,

Read More

506 Connemara Celina TX For Sale

POOL HOME ON SPECTACULAR CUL-DE-SAC LOT BACKING TO GREENBELT & CREEK!  See more pictures and information here:  https://goo.gl/ghcf6h Offered exclusively by Lisa Birdsong Group |

Read More