Delaying Homeownership Could Be Costly Decision

Delaying Homeownership Could Be Costly Decision

Delaying homeownership could be costly decision

CHICAGO – June 4, 2015 – Potential homebuyers who don't take advantage of current interest rates and property prices risk losing out on thousands of dollars, according to Its Opportunity Cost Report notes that residential price appreciation is dropping, rents are climbing and higher mortgage rates are looming. analyzed the 382 largest markets in the nation, estimating that the wealth an average buyer would accumulate over a 30-year period based on today's dollars is $217,726. In 88 percent of metropolitan statistical areas, buying a home produces a financial benefit of at least $100,000 over 30 years.

However, low inventory is keeping many would-be buyers on the sidelines, says chief economist Jonathan Smoke.

"Current market conditions give buyers the opportunity to build substantial wealth in the long term, compared with renters and later buyers, in advance of the projected increase in mortgage rates and continuing price appreciation," he adds.

Source: Inman News (05/28/15) Swinderman, Amy

© Copyright 2015 INFORMATION, INC. Bethesda, MD (301) 215-4688

Kathy Toonder Headshot
Phone: 941-544-7270
Dated: June 4th 2015
Views: 769
About Kathy: I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Kathy Toonder
8728 E. State Road 70
Bradenton, FL

Other Locations