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What is the Cost of Waiting Until Next Year to Buy a Home in Charlotte? [INFOGRAPHIC]

What is the Cost of Waiting Until Next Year to Buy a Home in Charlotte? [INFOGRAPHIC]

 

The process of buying a home can be overwhelming but, you don’t need to go through the process alone - I’m here to help.

 

You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall in the last two quarters of 2019. CoreLogic predicts home prices will appreciate by 4.8% over the next 6 months. In Charlotte proper, our home prices increased 6.9% last year. 

The cost of waiting

 

Interest rates - Freddie Mac predicts that interest rates will rise to 4.5% by the end of 2019. Is it also wise to consider that next year is an election year and investments of all kinds (stocks & real estate alike) are far more volatile during an election year. Conversely, the interest rates remain quite low this year and sales prices continue to rise due to low inventory.

 

In a nutshell, NOW couldn’t be a better time to buy a home in Charlotte.

 

What is the Cost of Waiting Until Next Year to Buy a Home in Charlotte? [INFOGRAPHIC]

*Data & infographic provided by Keeping Current Matters (KCM)

 

 bottom line

 

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020.
  • CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
  • If you are ready and willing to buy your dream home, let’s find out if you are able to!

 

 

© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | What is the Cost of Waiting Until Next Year to Buy a Home in Charlotte? [INFOGRAPHIC]

 

     

Charlotte Real Estate Team - The Maxwell House Group

 

  Charlotte NC Homes for Sale

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Charlotte CRS Agent


Debe Maxwell, Realtor®/Broker/CRS

RE/MAX Executive

CharlotteBroker@icloud.com
Direct:  (704) 491-3310

 

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Comment balloon 7 commentsDebe Maxwell, CRS • June 11 2019 04:58AM

Comments

Good morning, Debe Maxwell, CRS NOW is a great time to buy.... but if you can't for whatever reason, any time is better than no time.... real estate is NOT day trading....it's a long term investment.... buy when you're able and live it in until you don't fit or it's time for a larger or smaller investment....

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) about 1 month ago

Good morning Debe. Now is the time in your market to make the purchase. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 1 month ago

I have to go find this graphic on KCM - great information to share 

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Keller Williams Capital Properties) about 1 month ago

Debe I love the look and info on the infographic.  Great job!!!

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 1 month ago

Morning Debe.

We bought our home 5 years ago, it is amazing on the price we can get for it today.  BTW, we are looking to move, just haven't found the right place yet

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) about 1 month ago

Prospective home buyers should pay very close attention to your advice.

Posted by Roy Kelley (Realty Group Referrals) about 1 month ago

Hi Debe Maxwell, CRS Great post. Buyers should take advantage of the low interest rates. 

Posted by Abby Stiller, Professional Bilingual Realtor (239) 284-8637 (REMAX Realty Group) about 1 month ago

Participate