This article from the National Association of Realtors outlines why waiting may not be good strategy. I strongly agree! Although the article just touches on the risk of interest rate increases, my opinion is that it is an even stronger reason for not waiting. Interest rates will increase and no one knows when. Right now you have the ability to lock in at under 4% for 30 years. Why would you wait?
Some would-be move-up home sellers are eyeing home prices carefully. They’re waiting to see how much home prices appreciate more before they consider selling their home. But they may be missing their perfect opportunity, some housing experts say. Sellers Who Delay May Miss Out
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