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If youre thinking about buying real estate this year, hereswhy Orman said you should wait.
And when does she think prospective buyers should jump into the market?
If you arent in a rush, you might want to wait.
Why Waiting Doesnt Always Make Sense
Not all housing experts agree that its better to wait.
She does mention getting a steal of a deal as one factor, and shes correct.
However, if demand is strong, waiting too long can result in your being priced out.
He pointed to South Florida as an example, citing demand for luxury and pre-construction.
Plus, refinancing later is always an option if rates drop.
Melanie Musson, home finance expert withClearsurance.com, agreed.
When rates decrease, home prices typically increase.
This means that the overall monthly payment is likely to be similar now as in September, she explained.
Plus, theres no guarantee that interest rates will fall by September.
Its best to shop, so you know what youre looking for and can identify a good deal.
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