How much is it costing you to wait?

Buying a Home: The Cost of Waiting | Keeping Current Matters

Whether you are a first-time buyer or a move-up buyer, you should look at housing experts' projections in two significant areas: home prices and mortgage rates.

PRICES

Over 100 economists, real estate experts, and investment & market strategists were recently surveyed. They were asked to project where home prices were headed. The average value appreciation projected over the next twelve months was approximately 4%.

MORTGAGE INTEREST RATES

In their last Economic & Housing Market Outlook, Freddie Mac predicted that 30-year fixed mortgage rates would be 4.8% by this time next year. As of last week, the Freddie Mac rate was 4.14%.

Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

What does this mean to you?

If you are a first-time buyer currently looking at a home priced at $250,000, this is what it could cost you monthly if you wait to buy next year:   

    First Time Homebuyer's Cost of Waiting | Keeping Current Matters                

Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

If you are a move-up buyer currently looking at a home priced at $500,000, this is what it could cost you monthly if you wait to buy next year:

Move Up Buyer's Cost of Waiting | Keeping Current Matters

With both home prices and interest rates projected to increase, buying now instead of later might make sense.

Contact Kenna Real Estate

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