Don’t Wait To Buy Your Dream Home

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.


There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 4.7% by this time next year.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.7% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

Cost of Waiting | Simplifying The Market

496ccfa3 ddc7 43ae b124 e5de8c07318f fb80db68 d23c 4dc3 ba9a 8e66384a64a1 d08fc7e7 a668 40d2 a306 6e14310e3989 d88789d7 23c7 41f1 89b8 f68e9c4600d9 ff5a6dad 66c8 4047 b163 0f338decec7c 73931c39 97ef 40ad ab5a 0f3ccfb5c744 b92b890a b840 4718 a744 44f6cee3139f af786cca 4a3c 42b9 b89e 51cf3e00a467 d6f2aae7 1585 486b b3c4 4e564a552b94 618eb678 1923 4f9f b304 c057b3135fbd 44e04ecd bbb4 4020 8ee4 32ee577469b7 91c904fb 7d51 42b1 92cc 89513fe4da73 140dab8f 1018 4f09 995d cf6c6666aa73 0234ebfd 455b 4ee7 aa9f 6458f259638b a05e72c9 a135 44dd b399 40a2b8ab5a0c 1e364b07 615d 477d 885f bd5ce9ec401c b101d4de 37c1 44c2 92d1 fdad0f244671 ec893c71 d9b5 464f b455 8ceaa72fc1ad 5fe8b41b f82f 4902 984f 566f6a2cad80 d7bc7671 d382 400e a8a1 59660bab7388 6ed56629 8a39 4681 bbfe b3036e458648 0d054996 f5ea 43d2 93ea 87e066b7be27 5a9bab35 55f1 43c1 95f2 b0503e3b3cd7