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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