Baby Boomers own 28% of large homes (despite being empty nesters) while Millennials with children own only 14%.If you're considering downsizing, this could be golden news for you.The reality is, a
Should you buy a Home now or wait until next year?
Dated: January 19 2019
Views: 364
If you are still wondering whether you should buy a home today or wait another year, take a look at some of the statistics below!
![What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2019/01/17122556/Cost-of-Waiting-NM-ENG.jpg)
The video by RECOLORADO below demonstrates the numbers from 2018 compared to 2019 for the Denver Metro Market!
Average Home Price for Single Family Homes went up to $473,426 in 2018 compared to $437,081 in 2017. That is an 8% Increase.
Bottom Line:
- Waiting will cost you spending additional funds to buy a home if home prices and mortgage interest rates increase over a preiod of time.
- Freddie Mac projects interests rates to increase to Freddie % by the end of 2019. predicts interest rates to rise to 5.1% by the end of 2019.
- Average Home prices may increase in the next 12 months. According to the Federal Housing Finance Agency, the average home purchace price has increased by 9% in the past 12months and by 66% over the last 5 years in the Denver Metro Area!
- The money you pay for your rent is paying off your landlord's mortgage and is gone forever. It is invested in your landlord's equity and wealth instead of your own!
Have you ever calculated the amount of money you've paid and invested in someone else's wealth over the years you've been paying rent? If you were renting for the last couple of years and paying at lease $1,500/month for rent - that's $36,000 you could have invested in your own home!
- Don't have any money saved for a downpayment? No problem, there are downpayment assistance programs you could apply for!
- Talk to your local expert and find out if you are able to own a home now!
Olga Telesin is a Colorado Realtor working with Exit Realty DTC. Whether you are buying or selling within the Denver Metro Area, please call me for expert advice and premier service! Visit my Website to see local listings in Highlands Ranch, Lone Tree, Castle Rock, Castle Pines, Denver, Parker, Aurora or to get a Free Home Valuation. Call or text Olga today at 720-365-4651. Search Like a Realtor - here's your FREE Access To The DENVER MLS!
Olga Telesin
My name is Olga Telesin and I am a Colorado Realtor helping buyers and sellers around the Denver Metro areas of Colorado, including Denver, Aurora, Parker, Centennial, Highlands Ranch, Castle Rock and....
Latest Blog Posts
As the vibrant colors of spring begin to bloom and Easter Sunday approaches, there's no better way to celebrate the season of renewal and rebirth than by hosting a delightful Easter brunch. It's a
Ready to get in the St. Patrick's Day spirit? Here are some fun and easy St. Patrick's Day crafts for kids that will add a touch of magic to the celebration:1. Shamrock Wreath: - Cut out
Looking to buy a home? Here are the top 8 things you should be looking for:1) NeighborhoodA great house deserves a great neighborhood. Research local schools, amenities, and the overall vibe. )
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by elevateMLS.
