Should I Buy A House Now Or Wait Until 2018 Link

In 2017, the housing market was defined by , which hovered around 3.9% to 4.0% for most of the year. For many, this presented a "last chance" to lock in lower monthly payments before the Federal Reserve’s planned interest rate hikes took full effect.

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 should i buy a house now or wait until 2018

The decision between buying a home in late 2017 versus waiting until 2018 presents a classic tradeoff between and potential inventory relief . The Case for Buying in 2017 In 2017, the housing market was defined by

The benchmark 30-year fixed-rate mortgage averaged 3.99% at the end of 2017. The Case for Waiting Until 2018 The decision

Home prices rose roughly 6.3% nationally in 2017. By buying earlier, homeowners could capture this equity growth rather than paying a higher entry price later.

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.

Housing starts were projected to increase to 1.33 million units in 2018, offering more options for those frustrated by the lack of existing homes.