Two Reasons Why Waiting To Buy a Home Will Cost You

Source: Keeping Current Matters — 

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home.

To determine whether you should buy now or wait another year, you can ask yourself two simple questions:

1. Where will home prices be a year from now?
2. Where will mortgage rates be a year from now?

Let’s shed some light on the answers to both of these questions.