Then vs Now: Buying a Home

With rates higher than last year, are you hesitant to buy? Take a look at the 10 year cost of buying a home this year at market price with a higher rate compared to possibly having paid over the market value, with buyers having going into bidding wars, with a lower rate last year. The numbers may surprise you!

With interest rates higher than last year and uncertainty about how high they'll go, buyers are wondering if it's the right time to enter the market. In 2021, 89% of homes sold at or above list price. So, when you compare today to last year's red-hot housing market with Buyers having to front the cash to offer well over list prices, that's where it gets interesting. Let's look at the math above.

If you have any questions, I am always available to discuss.

Sherri Ferrari Sagum