Should I Buy a Home Now or Wait?
You’ve probably heard the saying: “Yesterday was the best time to buy a home. The next best time is today.” That’s because homeownership isn’t about quick wins—it’s a long-term investment. And history shows that home prices typically rise over time.
If you’re waiting for prices to fall or mortgage rates to drop, here’s what you should know: trying to time the market often backfires.
Home Prices Are Projected To Keep Climbing
Over 100 housing market experts contribute to the Fannie Mae Home Price Expectations Survey each quarter. And the consensus? Home prices are expected to keep rising nationally through at least 2029.
While we’ve moved past the steep price jumps seen in recent years, experts predict a more sustainable 3–4% growth annually. That’s a healthy sign for the market—and for buyers who are ready to play the long game.
Why Waiting May Cost More
Let’s break it down:
Next year’s home will likely cost more than today’s. Even small annual increases add up fast.
Rate drops won’t always offset price growth. Waiting for that “perfect rate” could still leave you paying more overall.
Buying now means building equity sooner. Equity grows over time, and getting started is the first step.
What That Looks Like in Dollars
Let’s say you bought a $400,000 home in 2025. Based on current forecasts, by 2030, that home could be worth nearly $480,000. That’s $80,000 in added wealth from home price appreciation alone—before you even factor in paying down your mortgage.
Make the Market Work for You
Today’s housing market isn’t without its challenges. But there are tools and strategies that can help:
Look at a range of neighborhoods.
Explore creative financing options with your lender.
Consider down payment assistance programs.
It’s not about finding the perfect market conditions—it’s about finding the right moment for you.
Bottom Line
Real estate rewards time in the market—not timing the market.
If you’re asking yourself whether now is the right time to buy, let’s talk. Whether you’re ready to take the next step or just gathering information, I can help you explore your options and make a plan for long-term success.
Finding ways to make your credit score better could help you get a lower mortgage rate. When you’re ready to get the process started, let’s connect.