Should I Buy A Home Now Or Wait Until 2018 Here

Waiting until 2018 could result in a "double hit" to your budget:

: Prices rose approximately 5.5% to 5.89% in 2017. While the rate of growth is expected to moderate in 2018 to roughly 3.2% to 5% , prices are still hitting new record highs. should i buy a home now or wait until 2018

: Average 30-year fixed rates were around 3.99% to 4.14% in 2017. Economists from the National Association of Realtors and Zillow forecast rates climbing toward 4.5% to 5.0% by the end of 2018. Waiting until 2018 could result in a "double

The transition from 2017 to 2018 is characterized by a "shift" where the rapid pace of price appreciation may slow, but total costs for buyers are still expected to rise. Economists from the National Association of Realtors and

: A 1% increase in interest rates can add hundreds of dollars to a monthly payment for a median-priced home.

Deciding whether to buy a home in 2017 or wait until 2018 involves balancing rising home prices against increasing interest rates. Generally, if you are financially ready, buying in is advisable because both home prices and mortgage rates are projected to be higher in 2018. Market Outlook: 2017 vs. 2018