As the market fluctuates, waiting a year to buy your home in Greenwood may make a big difference in the cost. The cost of waiting to become a homeowner is defined by the additional funds it would require to buy your home if prices and interest rates increase in the future. Freddie Mac predicts that interest rates will rise to 4.6% by next year, and Core Logic expects home prices to increase by 5.3% over the next year. Therefore, if you are willing and able to buy a home for sale in Greenwood, you may be better off to act sooner than later.
If you are interested in becoming a Greenwood homeowner and would like more information on the Greenwood Real Estate Market, please don't hesitate to contact us.