Should I Buy A House Now Or Wait Until 2018 [OFFICIAL]

Buyers faced extreme competition and a "tight" inventory environment, with the supply of homes for sale hitting record lows. The Case for Waiting Until 2018

Mortgage rates rose significantly, averaging roughly 4.44% by early 2018 and even touching 5% later in the year. This increase in rates often offset any benefits from slower price growth, significantly reducing overall home-buying power . Historical Comparison: 2017 vs. 2018 Late 2017 (Actual) 2018 (Forecast/Actual) Avg. Mortgage Rate (30-yr) ~3.9% – 4.0% ~4.5% – 4.8% Home Price Growth 6.3% increase 4.9% projected increase Market Condition Extreme inventory shortage Modest inventory growth should i buy a house now or wait until 2018

The benchmark 30-year fixed-rate mortgage averaged 3.99% at the end of 2017. Buyers faced extreme competition and a "tight" inventory

The Tax Cuts and Jobs Act of 2017 introduced new limits on mortgage interest deductions (lowered to $750,000 for new loans) and a $10,000 cap on state and local tax (SALT) deductions. Waiting allowed buyers to see how these changes affected their specific tax liability and local market demand. Historical Comparison: 2017 vs

For those who waited, the primary hope was a . Some analysts predicted that more homeowners would list their properties, potentially slowing the rapid price surges seen in previous years.