Is now a good time to buy a home, or should you wait out the market?
Inflation is raging, interest rates are rising, the stock market is crashing, and the war in Ukraine continues. All this uncertainty in the world is causing many buyers to wonder if it’s even safe to buy a home right now. Today we’ll talk about if now is a good time to buy and what market factors you’ll need to keep in mind.
Feel free to follow along in the video above or use the timestamps below to navigate the discussion at your leisure:
0:00 — Introduction
1:00 — Are we on the cusp of a more balanced market?
1:50 — Won’t real estate correct or go down as interest rates rise?
3:30 — Why senior economists say that waiting out the market isn’t a good idea
4:41 — What does history tell us about inflation and home prices?
6:09 — What’s the risk in waiting?
8:08 — What if the market does go down?
10:34 — What if the market crashes?
11:48 — When is the best time to buy?
12:20 — Wrapping up
Hopefully this helped educate you about today’s market conditions and gave you a few good reasons to consider making your next home purchase sooner rather than later. If you have any questions about this or other real estate topics, don’t hesitate to reach out to us by phone or email. We’d love to hear from you.
