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.

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 ...

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. 

When rates start to decline, there will be an influx of buyers and sellers. Housing demand will be fueled by the largest generation of potential homebuyers ever — the millennials. When rates start to decline, there will be an influx of buyers and sellers.

Housing demand will be fueled by ...

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