Cogent Properties
  • Home
  • Joint Ventures
  • About
  • Contact
  • Home
  • Joint Ventures
  • About
  • Contact

Should I Buy Now or Wait?

4/30/2021

 
Infographic: Should I Buy Now or Wait? If you're thinking that waiting a year or two to purchase a home might mean you'll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Based on projections, here's how much more you might pay for a median-priced home if you wait to buy. Median Home Price(1)--2020 Annual: $296,700; 2021 Annual forecast: $323,900; 2022 Annual forecast: $334,000. Mortgage Interest Rate (2)--2020 annual: 3.1%; 2021 Annual Forecast: 3.2%; 2022 Annual Forecast: 3.7%. Mortgage Payment (3)--2020 Annual: $1,410; 2021 Annual Forecast: $1,261; 2022 Annual Forecast: $1,384. Home prices and mortgage rates are expected to rise. Let's connect to put your home buying plans in motion before they climb even higher. Sources: (1) NAR; (2) Freddie Mac; (3) Principal and Interest, assuming a 10% down payment. {Cogent Equities of Keller Williams Integrity logo]

Some Highlights

  • If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again.
  • Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates.
  • Buying a home now means you’ll spend less in the long run. Let’s connect to put your homebuying plans in motion before home prices and mortgage rates climb even higher.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Cogent Real Estate Equities, LLC does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Cogent Real Estate Equities, LLC will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

<< Previous (04/29/21)
Next (05/03/21) >>

Blog Categories

All
Buying
Homeownership
Home Values
Infographic
Interest Rates
Rent Vs. Buy
Selling

<<Previous

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020

    Categories

    All
    Buying
    Homeownership
    Home Values
    Infographic
    Interest Rates
    Rent Vs. Buy
    Selling

    RSS Feed

Services

Commercial
Development
​Joint Ventures
​
Wireless

Company

Home
About
Contact
410.929.5291 mobile // 443.626.4368 broker //[email protected]
​ www.CogentPropertyGroup.com
Picture
©2024. Cogent Properties.  ALL RIGHTS RESERVED.