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The "cost of waiting to buy" is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. freddie mac forecasts interest rates will rise to 3.8% by Q4 2020. CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
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– Maggie Rose, Realtor, Presents South West Florida Luxury Homes In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly.
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