Buy Now or Wait? What Today’s Housing Trends Say

 Should I Wait For A Better Price?

                                Shared by Rancho Cucamonga real estate broker Li Li Hwang 

Forecasts Say Prices Will Keep Climbing

Each quarter, over 100 housing market experts weigh in for the Home Price Expectations Survey from Fannie Mae, and they consistently agree on one thing: nationally, home prices are expected to rise through at least 2029.

Yes, the sharp price increases are behind us, but experts project a steady, healthy, and sustainable increase of 3-4% per year going forward. And while this will vary by local market from year to year, the good news is, this is a much more normal pace – a welcome sign for the housing market and hopeful buyers (see graph below):

And even in markets experiencing more modest price growth or slight short-term declines, the long game of homeownership wins over time.

So, here’s what to keep in mind:

• Next year’s home prices will be higher than this year’s. The longer you wait, the more the purchase price will go up.
• Waiting for the perfect mortgage rate or a price drop may backfire. Even if rates dip slightly, projected home price growth could still make waiting more expensive overall.
• Buying now means building equity sooner. When you play the long game of homeownership, your equity rewards you over time.

~ Above information provided by KCM ~ 

Bottom Line

Most people agree that the best time to buy a home is YESTERDAY, and the next best time is TODAY. The above-mentioned information says the same.  It’s the perfect time to list your home for sale or to find your dream home. Whether you’re selling or buying, we’re here to help. With over 34 years of experience, we offer expert guidance in preparation, negotiations, and protecting your interests to help you achieve the results you desire.

We speak English, Spanish, and Chinese (Mandarin and Taiwanese).
Contact Us Today! Call/Text us at (909) 710-3588 to get started!

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Buy Now? Or Wait: Click Here 

Call/Text Us at (909)710-3588  for Homebuyer tips in Fontana, Ontario, Rancho Cucamonga and the Inland Empire.

Your Home Sold For 100% of Asking Price or We Pay You The Difference!*  For more information on our Exclusive Guaranteed Sale Program, message/Call us today at (909)710-3588

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Your local Real Estate Broker | Li Li Hwang | DRE# 01059188| 909-710-3588

Your Home Sold Guaranteed Realty LiLi Hwang Team |DRE# 02210675 | TEL: 909-710-6788 | Rancho Cucamonga |CA 91730

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