Lock In a Home Before Prices Rise: Why Modest Increases Add Up Fast
Even small annual price increases can significantly impact your buying power. Learn why locking in today's price protects your financial future.
You don't need double-digit price spikes to lose buying power. Even the modest 3-5% annual increases we're seeing in Arizona and Texas can cost you tens of thousands over just a few years. Here's how the numbers work and why acting sooner rather than later can save you significantly.
The Compound Effect of Modest Price Increases
A $350,000 home appreciating at just 4% annually becomes a $364,000 home in one year, a $378,560 home in two years, and a $393,702 home in three years. That's nearly $44,000 in additional cost — simply for waiting.
Arizona and Texas Price Trends
Both states continue to attract new residents from higher-cost states like California and New York. This population growth, combined with limited housing supply, creates consistent upward pressure on prices. Phoenix, Mesa, Dallas, San Antonio, and Austin are all seeing steady appreciation.
Phoenix metro: 3-5% year-over-year appreciation
Dallas-Fort Worth: 3-4% steady growth
San Antonio: 2-4% consistent increases
Tucson: 3-5% appreciation with growing demand
Austin: stabilizing after rapid growth, still trending upward
Locking in today's price means your home appreciates FOR you, not AGAINST you. Every day after closing, rising prices build your equity instead of eroding your purchasing power.
What 'Locking In' Really Means
When you buy a home, your purchase price is fixed forever. While the market value continues to rise, your mortgage balance only goes down. This growing gap between what you owe and what your home is worth is equity real, tangible wealth that you're building every single month.
Don't Let Price Increases Price You Out
The homes you're looking at today may not be in your budget a year from now. Let's connect and start your home search while current prices and programs are available. Whether you're using a VA loan, FHA, or conventional financing, I'll help you navigate the process efficiently.
