The inaugural Opportunity Cost Report was released recently by
realtor.com. The report explained that “with
interest rates and home prices expected to climb in the next year, the
financial penalties of delaying or forgoing a home purchase in today's market
have become very steep”.
The report estimates that, based on today's dollars, the average purchaser would accumulate $217,726 in increased wealth over a 30-year period. (You can get the projected wealth increase for almost 100 metros here.)
The report estimates that, based on today's dollars, the average purchaser would accumulate $217,726 in increased wealth over a 30-year period. (You can get the projected wealth increase for almost 100 metros here.)
What could this mean
to someone sitting on the fence waiting to buy?
Experts believe that both home prices and mortgage interest
rates will increase over the next twelve months. Obviously, if this does
happen, the monthly cost of a home a year from now will be dramatically higher
than it is today. The Opportunity
Cost Report breaks down exactly how much a purchaser could lose
over increments of one year and three years. Here are the results based on an
average purchaser in the U.S. delaying their purchase: 
Bottom Line
If you are ready, willing and able to buy a home, waiting
doesn't make sense.
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Find Me @homesbyjosal
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