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Tuesday Tip - The Cost of Waiting

Prices of homes have skyrocketed in Boston in the last year.  And with a continued shortage in supply it looks like it might be a while before we see them leveling out.  According to CoreLogic's latest Home Price Index, prices are expected to rise by 5.5% by this time next year, which is great news for those who are almost ready to sell, but a tough pill to swallow for soon-to-be buyers.  And, an increase in average home prices across the market is just one factor that impacts the "cost of waiting," buyers must also consider the increase in fixed mortgage rates.  In their latest blog post, our friends over at Keeping Current Matters talk more about the "cost of waiting," and the tremendous long-term financial impact it can have on buyers.

For more information about how to make smart real estate decisions in today's market, feel free to reach out to one of our experts at 617-236-0353 or through our website.

 

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