October 28th, 2014 4:40 PM by Jennifer Sheil
Everyone in the real estate industry agrees that sale prices and interest rates are on the rise. A recent article in Keeping Current Matters encourages buyers/sellers to act now while they have the chance to buy more house and/or keep their payments lower than if they wait.
It's really a matter of price vs cost. Whereas a seller should be most concerned about the short term price of a home, a buyer should consider the long term cost of a home.
Recent reports project that home values will appreciate by 4% from now to the end of 2015, and predictions indicate the 30 year fixed mortgage rate will be 5% by the end of next year. These are compelling reasons to act now!