[:en]Don’t Wait To Buy Your Dream Home[:es]No espere para comprar la casa de sus sueños[:]

Don’t Wait To Buy Your Dream Home | Simplifying The Market
[:en]As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 4.7% by this time next year.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.7% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

Cost of Waiting | Simplifying The Market[:es]Como vendedor, usted estará más preocupado sobre ‘el precio a corto plazo’- hacia dónde se dirige el valor de la casa en los próximos seis meses. Como comprador por primera vez o comprador repetitivo, usted no debe estar preocupado por el precio pero sobre el ‘costo a largo plazo’ de la casa.

Déjenos explicar.

Hay muchos factores que determina el ‘costo’ de una casa. Dos de los más importantes son la apreciación de la casa con el tiempo y la tasa de interés con la que el comprador puede pedir prestado los fondos necesarios para comprar su casa. El grado en que estos dos factores pueden cambiar a menudo se refiere como “el costo de esperar”.

¿Qué pasa durante los próximos 12 meses?

Según El Índice de los precios de las casas (Home Price Index) de CoreLogic, se espera que los precios aumenten 4.7 % para esta época del próximo año.

Adicionalmente, Freddie Mac en su Economic Commentary & Projections Table (tabla de proyecciones & comentarios económicos) predice que la tasa hipotecaria fija a 30 años va a apreciar 4.7 % en el mismo tiempo.

¿Qué significa esto para un comprador?

Aquí hay una demostración simple del impacto que estos cambios proyectados pueden tener en el pago de la hipoteca de una casa vendiéndose por aproximadamente $250,000 hoy:

Costo de esperar| Simplifying The Market[:]

[:en]Don’t Wait To Buy Your Dream Home[:es]No espere para comprar la casa de sus sueños[:]

Don’t Wait To Buy Your Dream Home | Simplifying The Market

[:en]As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home. Let us explain. There are many factors ...

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[:en]Don’t Wait To Buy Your Dream Home[:es]No espere para comprar la casa de sus sueños[:]

Don’t Wait To Buy Your Dream Home | Simplifying The Market

[:en]As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 4.7% by this time next year.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.7% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

Cost of Waiting | Simplifying The Market[:es]Como vendedor, usted estará más preocupado sobre ‘el precio a corto plazo’- hacia dónde se dirige el valor de la casa en los próximos seis meses. Como comprador por primera vez o comprador repetitivo, usted no debe estar preocupado por el precio pero sobre el ‘costo a largo plazo’ de la casa.

Déjenos explicar.

Hay muchos factores que determina el ‘costo’ de una casa. Dos de los más importantes son la apreciación de la casa con el tiempo y la tasa de interés con la que el comprador puede pedir prestado los fondos necesarios para comprar su casa. El grado en que estos dos factores pueden cambiar a menudo se refiere como “el costo de esperar”.

¿Qué pasa durante los próximos 12 meses?

Según El Índice de los precios de las casas (Home Price Index) de CoreLogic, se espera que los precios aumenten 4.7 % para esta época del próximo año.

Adicionalmente, Freddie Mac en su Economic Commentary & Projections Table (tabla de proyecciones & comentarios económicos) predice que la tasa hipotecaria fija a 30 años va a apreciar 4.7 % en el mismo tiempo.

¿Qué significa esto para un comprador?

Aquí hay una demostración simple del impacto que estos cambios proyectados pueden tener en el pago de la hipoteca de una casa vendiéndose por aproximadamente $250,000 hoy:

Costo de esperar| Simplifying The Market[:]

[:en]Don’t Wait To Buy Your Dream Home[:es]No espere para comprar la casa de sus sueños[:]

Don’t Wait To Buy Your Dream Home | Simplifying The Market

[:en]As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home. Let us explain. There are many factors ...

Continue Reading
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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.