Should I Buy A Home Now Or Wait Until 2018 Today

Deciding whether to buy a home in 2017 or wait until 2018 involves balancing rising home prices against increasing interest rates. Generally, if you are financially ready, buying in is advisable because both home prices and mortgage rates are projected to be higher in 2018. Market Outlook: 2017 vs. 2018

: A 1% increase in interest rates can add hundreds of dollars to a monthly payment for a median-priced home. should i buy a home now or wait until 2018

2018 Mortgage Rate Forecast: Overall It's Looking Pretty Good Deciding whether to buy a home in 2017

: A chronic shortage of homes has favored sellers. While Realtor.com predicts inventory may finally begin to increase by fall 2018 , this relief will primarily be in the mid-to-upper price tiers ($350k+), leaving entry-level buyers with limited options. The Cost of Waiting 2018 : A 1% increase in interest rates

: As rates and prices rise simultaneously, you may be forced to settle for a smaller home or a less desirable neighborhood to keep payments affordable. When You Should Wait