As seen in the example below, buying now versus buying a year later at a 1% lower interest rate does have a slightly higher payment. However, a year from now, it is possible one would have $20,000 in equity versus none if one waits to buy.

Renovations can be time-consuming and expensive. Carefully vet your contractor so that you don’t end up with unexpected costs and aggravation. Please reach out if you need a referral to a Great Service professional.

Did you know, the #2 reason people move is because they need a bigger space. If you or someone, you know, is considering a move, feel free to contact me with any questions. I belong to a network of top real estate professionals, and I can connect you to one ...

Housing demand will be fueled by the largest generation of potential homebuyers ever - the millennials.

U.S. Millennial Population - 72 million

Interest rates fluctuate, but over the past three decades, they've hovered in the 5-10% range. Below is a graph from 1970 to 2020.