{"id":3816,"date":"2018-05-07T11:09:28","date_gmt":"2018-05-07T16:09:28","guid":{"rendered":"https:\/\/christinapinkerman.com\/wp\/what-if-i-wait-until-next-year-to-buy-a-home\/"},"modified":"2018-05-07T11:09:28","modified_gmt":"2018-05-07T16:09:28","slug":"what-if-i-wait-until-next-year-to-buy-a-home","status":"publish","type":"post","link":"https:\/\/christinapinkerman.com\/wp\/what-if-i-wait-until-next-year-to-buy-a-home\/","title":{"rendered":"What If I Wait Until Next Year to Buy a Home?"},"content":{"rendered":"
\n

\"What<\/p>\n

We\u00a0recently<\/a>\u00a0shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.<\/span><\/p>\n

As a seller, you will likely be most concerned about\u00a0\u2018short-term price\u2019 <\/em>\u2013 where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the\u00a0\u2018long-term cost\u2019\u00a0<\/em>of the home.<\/p>\n

The\u00a0Mortgage Bankers Association<\/em>\u00a0(MBA), Freddie Mac,\u00a0<\/em>and\u00a0Fannie Mae<\/em>\u00a0all project that mortgage interest rates will increase by this time next year. According to\u00a0CoreLogic\u2019s<\/em>\u00a0most recent\u00a0Home Price Index Report<\/em><\/a>, <\/em>home prices will appreciate by 5.2% over the next 12 months.<\/p>\n

What Does This Mean as a Buyer?<\/strong><\/h4>\n

If home prices appreciate by 5.2% over the next twelve months as predicted by\u00a0CoreLogic,<\/em> here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:<\/p>\n

\"What<\/a><\/p>\n

Bottom Line<\/strong><\/h3>\n

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

We\u00a0recently\u00a0shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about\u00a0\u2018short-term price\u2019 \u2013 where home values are headed over the next six months. As a buyer, […]<\/p>\n","protected":false},"author":1,"featured_media":3817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[8,4,5,22,10,7],"tags":[],"class_list":["post-3816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-first-time-home-buyers","category-for-buyers","category-for-sellers","category-interest-rates","category-move-up-buyers","category-pricing"],"_links":{"self":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts\/3816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/comments?post=3816"}],"version-history":[{"count":0,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts\/3816\/revisions"}],"wp:attachment":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/media?parent=3816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/categories?post=3816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/tags?post=3816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}