Should I Buy A House Now Or Wait Until 2018 Review

If you prioritized monthly affordability , buying in 2017 was generally the better move to secure a lower interest rate. If you were focused on selection and were willing to pay a premium in interest for a house that better fit your needs, waiting for the 2018 inventory bump was a viable, albeit more expensive, strategy. AI responses may include mistakes. Learn more

Housing market forecast : Experts weigh in on 2018 real estate

In 2017, the housing market was defined by , which hovered around 3.9% to 4.0% for most of the year. For many, this presented a "last chance" to lock in lower monthly payments before the Federal Reserve’s planned interest rate hikes took full effect. should i buy a house now or wait until 2018

Housing starts were projected to increase to 1.33 million units in 2018, offering more options for those frustrated by the lack of existing homes.

The benchmark 30-year fixed-rate mortgage averaged 3.99% at the end of 2017. If you prioritized monthly affordability , buying in

Home prices rose roughly 6.3% nationally in 2017. By buying earlier, homeowners could capture this equity growth rather than paying a higher entry price later.

Buyers faced extreme competition and a "tight" inventory environment, with the supply of homes for sale hitting record lows. The Case for Waiting Until 2018 Learn more Housing market forecast : Experts weigh

The Tax Cuts and Jobs Act of 2017 introduced new limits on mortgage interest deductions (lowered to $750,000 for new loans) and a $10,000 cap on state and local tax (SALT) deductions. Waiting allowed buyers to see how these changes affected their specific tax liability and local market demand.