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Should I Buy Now or Wait?

The numbers here are based on national averages. But the percentages are accurate even for our local Sonoma County numbers. With a median home price of $700,000 today, at 4% appreciation rate for one year, you will have earned $28,000 in equity. Not bad.

Bottom line - don't wait.

Some Highlights

  • If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again.

  • Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates.

  • Buying a home now means you’ll spend less in the long run. Let’s connect to put your home buying plans in motion before home prices and mortgage rates climb even higher.

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Content by Tom Lois Santa Rosa Realtor

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