Published August 6, 2018
2019 Can Cost You Tens of Thousands
If you’ve been thinking about buying a home but have decided to wait until next year, you’re not alone. It’s easy to delay big decisions, especially when they seem overwhelming. However, if you’re considering homeownership in 2019, waiting could cost you significantly—potentially $10,000 to $50,000 or more.
Rising Home Prices
Historical market trends indicate that home prices increase by over 5% annually. That means a home listed at $225,000 today could be priced at $236,250 next year—an increase of over $10,000 just for waiting.
The Impact of Interest Rates
In addition to rising home prices, mortgage rates are also expected to increase. Higher rates mean higher monthly payments, making homeownership even more expensive in the long run.
Take the Next Step
While the home-buying process may seem daunting, having an experienced real estate agent by your side can make it much smoother. Connecting with a trusted lender to review your financial options is a simple first step to understanding what you qualify for—and how much you could save by acting now.
If buying a home is on your radar, consider the long-term financial impact of waiting. 2019 is a prime time to enter the market—don’t let hesitation cost you thousands.
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