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In our weekly office meeting today, Eugene, our office manager, shared an important insight worth passing along. We reviewed homeowners who purchased at the peak of the market when interest rates were still low. We then amortized those purchases and examined the five-year appreciation on an average-priced home.
The appreciation was significant. It served as a reminder of how important it is to share this type of information with buyers who remain on the sidelines, uncertain about timing. Buyers waiting for interest rates to drop or prices to settle—while continuing to pay rent—may benefit from evaluating the financial impact of delaying a purchase.
