Is it wise to postpone house buying plans in Maryland? Attention if you are targeting near Bethesda MD areas.
Is it wise to postpone house buying plans in Maryland? Attention if you are targeting near Bethesda MD areas.
Some buyers decided to postpone home buying plan expecting the interest rate goes down soon.
However, it turned out that the winner is people who took the first move in this year.
It appears postponing house buying plan is not wise at this moment.
1. Buyers already got familiar with the current interest rate.
2. Buyers realized that the house price will spike once the interest rate goes down again. (Combination between lack of inventory + lower interest rate.)
3. Buyers don’t think the interest rate will go down significantly.
