Sandra Wyrosdick/RE/MAX Infinity Realtor

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Deciding whether or not to list and buy a new home but not sure if you should wait? These are two questions to ask yourself when deciding if you should act now or wait.


1. Where will home prices be a year from now?

2. Where will the mortgage rates be a year from now?


Fannie Mae, Freddie Mac and Mortgage Banker Association all expect price appreciation of homes to go up between 5.1 to 7.4 percent in the next year. In addition mortgage rates are believed to rise from the current low of 3.1% to a 3.7% average. Currently the median price of a home costs $353,900 but with cost appreciation and mortgage rates rising, that same home next year could cost you $376,904.


So if you have been on the fence, or want to talk to an expert about your options, give one of our agents a call and let us help you make the best decision possible!