Thinking about waiting a year to buy? May want to rethink, it could cost you. The above graphic shows both the projected appreciation* and projected interest rate*. What would you do with an extra $127.87 a month ($1,546 a year!)?
Its hard not to notice all the headlines this month. Of 20 major metro markets evaluated, more than 3 quarters of those markets are showing increases in prices and decreases in inventory. This is having a positive influence on our housing recovery. Distressed property inventory is also decreasing, according the National Association of Realtors, now less than 1 in 4 properties are distressed (reo/short sales). As we continue to shed distressed inventory, we can continue to see signs of positive and upward trending housing recovery and prices.
Missed the headlines? No worries, here are 5 different publications from this month including our local Salt Lake publication.