Are you thinking about buying a new home in Florida but unsure if now is the best time or if you should wait?
The real estate advisors at Keeping Current Matters, Inc. had the same question, so they crunched the numbers for you. Check out the difference between buying your dream home now or waiting until next year.
The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices and interest rates were to increase as expected over the next year.
Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019.
CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
To sum it up, if you are ready and willing to buy your dream home in Florida, it doesn't pay to wait. Take the first step towards owning your dream home in 2019 by pre-qualifying with a mortgage professional to determine your home buying power.
Highland Homes builds new homes in Florida designed for your life. Connect with a Florida New Home Specialist and find your dream home today by visiting the Highland Homes website or giving us a call at 863-797-4999.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. 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. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Location, home designs, features and prices are subject to change without notice. We are pledged to the letter and spirit of the U.S. policy for the achievment of equal housing opportunity throughout the Nation. We encourage and support an affirmative marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.