Why u should not wait to buy a home

[ramabeer]

What will home prices be like in 2022? 
Three major housing industry entities project continued home price appreciation for 2022. Here are their forecasts:

Freddie Mac: 5.3% 
Fannie Mae: 5.1% 
Mortgage Bankers Association: 8.4% 
Using the average of the three projections (6.27%), a home that sells for $350,000 today would be valued at $371,945 by the end of next year. That means, if you delay, it could cost you more. As a prospective buyer, you could pay an additional $21,945 if you wait.

Where will mortgage rates be by the end of 2022? 
Today, the 30-year fixed mortgage rate is hovering near historic lows. However, most experts believe rates will rise as the economy continues to recover. Here are the forecasts for the fourth quarter of 2022 by the three major entities mentioned above:

Freddie Mac: 3.8% 
Fannie Mae: 3.2% 
Mortgage Bankers Association: 4.2% 
That averages out to 3.7% if you include all three forecasts, and it’s nearly a full percentage point higher than today’s rates. Any increase in mortgage rates will increase your cost.

[chandrabhai7]

Lol the moment rate interest hikes home prices fall. 

[desiboys]

wait chesi 70% cash tho konudu best.

[Peruthopaniemundhi]

38 minutes ago, chandrabhai7 said:

Lol the moment rate interest hikes home prices fall. 

It depends on area bro… nation wide numbers differ from hot market areas like Austin, Raleigh, Virginia, Colorado…

hot market areas lo demand inko 2 -3 years untundi.. because there are more buyers and less builders..