Despite the upward trends, waiting until 2018 might be the better move if: : You
Deciding whether to buy a home in 2017 or wait until 2018 involves balancing rising home prices against increasing interest rates. Generally, if you are financially ready, buying in is advisable because both home prices and mortgage rates are projected to be higher in 2018. Market Outlook: 2017 vs. 2018 should i buy a home now or wait until 2018
: You are looking in high-cost coastal markets (like New York or California) where new tax changes might negatively impact the benefits of homeownership. Despite the upward trends, waiting until 2018 might
: Prices rose approximately 5.5% to 5.89% in 2017. While the rate of growth is expected to moderate in 2018 to roughly 3.2% to 5% , prices are still hitting new record highs. 2018 : You are looking in high-cost coastal
: A chronic shortage of homes has favored sellers. While Realtor.com predicts inventory may finally begin to increase by fall 2018 , this relief will primarily be in the mid-to-upper price tiers ($350k+), leaving entry-level buyers with limited options. The Cost of Waiting
