Lets talk about the “Opportunity Cost Report” that is released from realtor.com. The report states that “with interest rates and home prices expected to climb next year, the financial penalties of delaying on making a home purchase in today’s market have become very steep“.
What does this mean? The report estimates that the average buyer would make 217,726 in increased wealth throughout a 30 year period.
In short home prices and mortgage interest rates are expected to increase in the next year, and if this does it could mean a big pay day for those that have recently bought a home or have a home.
What is stopping you from beginning the processes today?