Can the Increase of Your Income Beat the Home Price Performance?
Shared by Realtor Li Li Hwang
While home prices are going to vary from one local area to the next, this shows they’re expected to keep going up nationally. The size of the increase varies from year-to-year, but the important takeaway is that prices are forecast to rise every single year – just at a moderate pace.
~ Above image and data provided by KCM ~
If the answer is either "barely" or "no", and if you are ready and able to buy a home, DO IT NOW. Why? 1. The inflation may eat away part or all of your saving that you have saved for the down payment. 2. If you buy a home today, the equity of your home belongs to you. You could be much better off five years later.
Bottom Line
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