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