How do you calculate the cost of a home? The cost of a home is determined mainly by two components: price and mortgage rate.
The KCM Crew recently published an article that shows the cost of a home last year, today, and next year. The median home price has been increasing for the last several months now, and interest rates are also on the rise. So most estimates show that it will cost more to buy a home next year than it does today.
So if you are thinking about buying, why wait?
Here’s the breakout from last year, today, and next year
For the full article, The COST of a Home: Last Year, This Year & Next Year
Summer is winding down but it’s still a great time to buy or sell a home!! It is the time for sellers to put their homes on the market & for buyers to start your home search! This season has been the busiest in 6 years & interest rates are hovering around 4.0%. Both home prices & interest rates are on the rise though! Contact me for details today!
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