If you’re trying to decide whether to buy now or wait until mortgage rates come down, here’s something to think about. Let's say you buy a $400K house now. Based on home price projections, you could gain roughly $83K in equity over the next 5 years. So, if you're able to buy now, it'll be worth it in the long run.
Data source: https://www.fanniemae.com/research-and-insights/surveys-indices/home-price-expectations-survey-hpes
Comments