The cost of not buying.. the cost no one wants to admit

[Stephen Rinaldi]

As an owner of a mortgage broker shop I hear it all...  Im just going to wait until rates go down or prices are going to drop soon..  People dont get it, we have inventory shortage.  There may be some events that may occur that may loosen this up over the next 6-12 months, but a solution to the inventory shortage is no where on the horizon.

This means that there will be no price drop, at least in my area interest PA DE NJ MD.  So lets talk about the cost in not buying. Houses here are appreciating 6-8%..so that house you see for 400k will be 430k next year and possible 465k the year after.

Also, what do you think is going to happend to house prices when rates go down...you guessed it values will jump.

The reality is the best time to buy real estate was yesterday, and the next best is today.  People who think that some magic bullet is coming to solve the inventory issue created by 20 years of limited building are mistaken.