If you’re a first time home buyer, probably not. UNLESS interest rates continue to climb.
Read more on the real cost of waiting
Other than Realtors, who will earn less on each home they sell, the ones most affected are homeowners who WANT to sell. Even if they sell their current home for less and are interested in buying another home that one will be less expensive.
To a homeowner who is in danger of losing their home through foreclosure, their home will be more affordable and perhaps easier to sell.
More affordable homes for first time home buyers gives us an opportunity to work our way out of this housing mess a little faster.
What do you think?
