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
