As interest rates are on the rise, many buyers may think its best to wait. However, if history tells us anything, it’s that rates may not go down for quite some time. So what does this mean for buyers?

The sooner you buy the better – especially if your looking to purchase a home in the next 12-18 months! 

With a lack of inventory in many cities throughout the country, values will continue to rise as rates rise. If you wait, the cost of owning a home could be even more expensive in the future!

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.