Should I Buy A House Now Or Wait Until 2018 🔥

Mortgage rates rose significantly, averaging roughly 4.44% by early 2018 and even touching 5% later in the year. This increase in rates often offset any benefits from slower price growth, significantly reducing overall home-buying power . Historical Comparison: 2017 vs. 2018 Late 2017 (Actual) 2018 (Forecast/Actual) Avg. Mortgage Rate (30-yr) ~3.9% – 4.0% ~4.5% – 4.8% Home Price Growth 6.3% increase 4.9% projected increase Market Condition Extreme inventory shortage Modest inventory growth

Buyers faced extreme competition and a "tight" inventory environment, with the supply of homes for sale hitting record lows. The Case for Waiting Until 2018 should i buy a house now or wait until 2018

Housing starts were projected to increase to 1.33 million units in 2018, offering more options for those frustrated by the lack of existing homes. Mortgage rates rose significantly, averaging roughly 4

The Tax Cuts and Jobs Act of 2017 introduced new limits on mortgage interest deductions (lowered to $750,000 for new loans) and a $10,000 cap on state and local tax (SALT) deductions. Waiting allowed buyers to see how these changes affected their specific tax liability and local market demand. 2018 Late 2017 (Actual) 2018 (Forecast/Actual) Avg