Don’t Hesitate: Costs Associated with Waiting

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Around the United States, prices continue to rise in most markets.  If you’re waiting for the market to shift toward a “buyer’s market,” think again.  There are costs associated with waiting to buy a home…

 

Waiting Can Cost You

 

  • The median home price in 2016 was $281,400 and increased to $291,200 in 2017, per the United States Census.

 

  • Mortgage Interest Rates are rising and are expected to continue to edge higher. Analysts believe the average mortgage payment is expected to jump more than 12% year-over-year.

 

  • Disposable income likely won’t increase enough to make up for higher mortgage rates.

 

  • Data shows that an average monthly mortgage payment could rise as much as $100 within the next year.

 

  • Material costs are rising.  Windows, lumber, concrete and other materials are being invoiced at a much higher rate.  If you’re looking for a new home, don’t hesitate.  Now is the time to build your dream home.

 

If you’re serious about buying a new home, contact a local Real Estate Agent to begin the process or contact one of our experienced REALTOR® partners. We speak: English, Spanish, French, Vietnamese and Albanian. (727) 546-6611 or visit: americanhousingbuilders2.com