While prices aren't expected to drop, the rapid growth we saw in 2016 is expected to cool slightly. Predictions suggest a in home values this year, compared to the 5-6% gains of previous years. This "moderation" is actually a sign of a healthier, more sustainable market, though it means you may not see the same immediate equity jumps as those who bought in 2012. 4. Why It’s Still a "Qualified Yes"
As we move further into 2017, the question of whether to buy a home or keep renting is on everyone’s mind. After years of recovery from the 2008 crash, the market is entering a new phase of "moderation". While homeownership remains a cornerstone of long-term wealth building, the landscape this year has specific shifts that every potential buyer should understand. 1. Rising Mortgage Rates: The End of the Sub-4% Era? is buying a house a good investment 2017
While a 1% jump might not seem like a dealbreaker, it can add roughly for the average home. If you’re on the fence, locking in a rate sooner rather than later could save you thousands over the life of your loan. 2. The Inventory Crunch While prices aren't expected to drop, the rapid