Inflation has been on the rise. The increase has been driven by higher costs for utilities, healthcare, cars, food and rental housing costs. What does this mean for the real estate industry? Well, while the fed has promised to keep short term rates low until at least 2023, it can not control long term rates, which can easily rise if lenders get nervous about inflation. As for the moment, rates are still extremely low, hovering around 3%, yet the costs of waiting to buy could be significant. To help you communicate the potential changes and additional costs to your clients we have put together a quick reference chart for you below. Keep elevating our industry.
Download: The Cost of Waiting to Buy Quick Reference Chart
Watch the video: https://youtu.be/1mW3OS5GZ-c
David Veldkamp - (616) 460-6123 | Daveveldkamp@remax.net
Owner, RE/MAX GR