[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fgn98c4ukm8d1":3,"$ffeh0925h8cuz":51,"$f2emv3tus0uf1":55,"$fbwk2pqjjqsc7":59},{"item":4,"previous":39,"next":45},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":37,"updatedAt":38},515,"what-if-i-wait-until-next-year-to-buy-a-home","What If I Wait Until Next Year To Buy A Home?","As a seller, you will be most concerned about \u003Cem>‘short term price’\u003C\u002Fem> – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the \u003Cem>‘long term cost’\u003C\u002Fem> of the home.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002F01161619\u002FWhatIfIWait-STM.jpg","As a seller, you will be most concerned about \u003Cem>‘short term price’\u003C\u002Fem> – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the \u003Cem>‘long term cost’\u003C\u002Fem> of the home.\u003C!--more-->\r\n\r\n\u003Cstrong>Let us explain.\u003C\u002Fstrong>\r\n\r\nThere are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as \u003Cstrong>\u003Cem>“The Cost of Waiting”.\u003C\u002Fem>\u003C\u002Fstrong>\r\n\u003Ch4>\u003Cstrong>What will happen over the next 12 months?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAccording to \u003Cem>CoreLogic’s latest \u003C\u002Fem>\u003Ca href=\"http:\u002F\u002Fwww.corelogic.com\u002Fabout-us\u002Fresearchtrends\u002Fcorelogic-home-price-insights.aspx#.VuL8m5MrJE4\">\u003Cem>Home Price Index\u003C\u002Fem>\u003C\u002Fa>, prices are expected to rise by 5.5% by this time next year.\r\n\r\nAdditionally, \u003Cem>Freddie Mac’s\u003C\u002Fem> most recent \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Ffinance\u002Fpdf\u002Ffeb_2016_public_outlook.pdf\">\u003Cem>Economic Commentary & Projections Table\u003C\u002Fem>\u003C\u002Fa> predicts that the 30-year fixed mortgage rate will appreciate to 4.5% in that same time.\r\n\u003Ch4>\u003Cstrong>\u003Cem>What Does This Mean to a Buyer?\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fh4>\r\nHere is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002FSlide1.jpg\" rel=\"attachment wp-att-33012\">\u003Cimg class=\"alignnone wp-image-33012\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002FSlide1.jpg\" alt=\"What If I Wait Until Next Year To Buy A Home? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>","As a seller, you will be most concerned about \u003Cem>‘short term price’\u003C\u002Fem> – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the \u003Cem>‘long term cost’\u003C\u002Fem> of the home.\u003C!--more-->\r\n\r\n\u003Cstrong>Let us explain.\u003C\u002Fstrong>\r\n\r\nThere are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as \u003Cstrong>\u003Cem>“The Cost of Waiting”.\u003C\u002Fem>\u003C\u002Fstrong>\r\n\u003Ch4>\u003Cstrong>What will happen over the next 12 months?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAccording to \u003Cem>CoreLogic’s latest \u003C\u002Fem>\u003Ca href=\"http:\u002F\u002Fwww.corelogic.com\u002Fabout-us\u002Fresearchtrends\u002Fcorelogic-home-price-insights.aspx#.VuL8m5MrJE4\">\u003Cem>Home Price Index\u003C\u002Fem>\u003C\u002Fa>, prices are expected to rise by 5.5% by this time next year.\r\n\r\nAdditionally, \u003Cem>Freddie Mac’s\u003C\u002Fem> most recent \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Ffinance\u002Fpdf\u002Ffeb_2016_public_outlook.pdf\">\u003Cem>Economic Commentary & Projections Table\u003C\u002Fem>\u003C\u002Fa> predicts that the 30-year fixed mortgage rate will appreciate to 4.5% in that same time.\r\n\u003Ch4>\u003Cstrong>\u003Cem>What Does This Mean to a Buyer?\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fh4>\r\nHere is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:\r\n\r\n\u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002FSlide1.jpg\" rel=\"attachment wp-att-33012\">\u003Cimg class=\"alignnone wp-image-33012\" src=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002FSlide1.jpg\" alt=\"What If I Wait Until Next Year To Buy A Home? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002FSlide1.jpg",false,[17,21,25,29,33],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices",{"id":30,"name":31,"slug":32},11,"First-Time Buyers","first-time-buyers",{"id":34,"name":35,"slug":36},38,"Move-Up","move-up","2016-03-14T10:00:45Z","2016-03-11T14:13:55Z",{"id":40,"slug":41,"title":42,"featuredImage":43,"publishedAt":44,"contentType":10,"isVideo":15},514,"the-difference-an-hour-makes-this-spring-infographic","The Difference An Hour Makes This Spring [INFOGRAPHIC]","https:\u002F\u002F\u002F","2016-03-11T10:00:32Z",{"id":46,"slug":47,"title":48,"featuredImage":49,"publishedAt":50,"contentType":10,"isVideo":15},516,"gap-between-homeowners-appraisers-opinions-widen","Gap Between Homeowner’s & Appraiser’s Opinions Widen","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002F01161616\u002FAppraisal-Gap-STM.jpg","2016-03-15T10:00:27Z",{"cover":52,"open":53,"shareSpread":54},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":56,"open":57,"shareSpread":58},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[60,64,65,66,70,74,75,76,80,84,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153,157,161],{"id":61,"name":62,"slug":63},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},7,"Foreclosures","foreclosures",{"id":71,"name":72,"slug":73},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":77,"name":78,"slug":79},34,"Senior Market","senior-market",{"id":81,"name":82,"slug":83},35,"Mortgage Rates","mortgage-rates",{"id":34,"name":35,"slug":36},{"id":86,"name":87,"slug":88},41,"For Sale by Owner","for-sale-by-owner",{"id":90,"name":91,"slug":92},42,"Featured","featured",{"id":94,"name":95,"slug":96},45,"New Construction","new-construction",{"id":98,"name":99,"slug":100},52,"Luxury \u002F Vacation","luxury--vacation",{"id":102,"name":103,"slug":104},53,"Rent vs. Buy","rent-vs-buy",{"id":106,"name":107,"slug":108},80,"Time-sensitive","time-sensitive",{"id":110,"name":111,"slug":112},81,"Outdated","outdated",{"id":114,"name":115,"slug":116},147,"Internal","internal",{"id":118,"name":119,"slug":120},148,"Do Not Autopost","do-not-autopost",{"id":122,"name":123,"slug":124},320,"Inventory","inventory",{"id":126,"name":127,"slug":128},321,"Agent Value","agent-value",{"id":130,"name":131,"slug":132},322,"Affordability","affordability",{"id":134,"name":135,"slug":136},323,"Buying Tips","buying-tips",{"id":138,"name":139,"slug":140},324,"Downsize","downsize",{"id":142,"name":143,"slug":144},325,"Economy","economy",{"id":146,"name":147,"slug":148},326,"Equity","equity",{"id":150,"name":151,"slug":152},327,"Forecasts","forecasts",{"id":154,"name":155,"slug":156},328,"Selling Tips","selling-tips",{"id":158,"name":159,"slug":160},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":162,"name":163,"slug":164},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]