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- Archive, Blog, Boston, Featured, For Buyers, For Sellers, FSBO's, Housing Market Updates, Infographics, Interest Rates, Larry Lawfer, Luxury, MA
- 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 over a period of time.
- Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic.
- Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!
- Archive, Blog, Buyer, Featured, For Buyers, For Sellers, Infographics, Investor, Luxury, market reports, Seller
- 2015 marks the first year-over-year increase in investment home sales since 2011.
- 62% of all investment homes purchased were single family homes.
- The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%).
- This is the 48th consecutive month with year-over-year price gains.
- Lawrence Yun, NAR's Chief Economist says that, "The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers."
- Inventory is still below historic normals at a 4.4 month supply.
- Many buyers are purchasing a home with a down payment as little as 3%.
- You may already qualify for a loan, even if you don't have perfect credit.
- Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.