Ask yourself this question, will home values increase in the next five years? California ladies and gentlemen feel the market will increase, so sooner rather than later is a better time to purchase real estate, especially in Hollister, CA.
The average sales price in Hollister falls between $400,000-500,000, and a conventional loan with 20% at a purchase price of $450,000 at today’s average interest rate of 4.5% brings a PITI of about $2424. If the interest rates rise .5%, then a home buyer would have to pay over $100 more monthly. Imagine an increase in sales price too?! Eekk More money out the window if a buyer decides to wait to purchase real estate.
Realtor KJ 