As a seller, you will be most concerned about‘short term price’– where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the‘long term cost’of the home.
Let us explain.
There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as“The Cost of Waiting”.
Report by Ricky KhamisRealtor Report2016 Best Year for Housing in a De
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