The Cost of Buying A House If You Waited

We often talk about the potential cost of waiting to buy a home.

Today, I want to look at the actual cost for someone who waited over the last year.

A 10% increase in house values was used as prices have gone up by double digits in the country (nationally) on average.  Keep in mind real estate is very localized and the 10% increase does not hold true for LI.

I looked at approximate mortgage rates last year compared to this year.

Here is the impact on a monthly mortgage payment (principal and interest):


About The Author

Jolie Powell

Jolie Powell has been a distinguised leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, she worked as a TV producer for the Advertising Agency, Dancer Fitzgerald Sample in NYC. Jolie's expertise in counseling buyers and sellers brings people together from Long Island, and indeed, Globally! Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, she is fluent in Spanish and communicates well with international clients relocating to the North Shore of Long Island. Jolie is proud of the high level of trust she and her clients have established and looks forward to continue building exceptional client/broker relationships.