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A Buyer’s Dilemma – Waiting For Prices To Drop vs. Interest Rate Hikes

I saw this graph recently and thought I would share it. Nothing new here, people have been talking about this concept for years - waiting for prices to drop more vs. the risk of higher interest rates.  Well, here it is again, based on a $100,000 loan. There are two keys questions buyers need to consider right now - 1.  How much more are prices going to drop in the market they are looking to buy in? Few experts believe that prices are going to go down another 20%.  It could happen, especially in the upper end … [Read more...]