Interest rates have increased substantially since the start of the year, and home prices are decreasing. Should you wait to buy a home? In this video, you will learn that in Boulder County, home prices tend to peak in June and they usually go down a bit after that. In 2022 however, home prices are going down slower than interest rates are increasing! It costs Buyers thousands of dollars to sit on the sidelines.
The reason most people buy a home is not as a short-term investment (in the long run, Real Estate has been proven to make more millionaires than just about any other asset class in the United States), but rather in order to have a payment that is stable and predictable, in order to give their children consistency in friend groups and in education, to take advantage of the mortgage interest tax deduction, and so that you can invest in home updates that actually speak to you.