Thinking of Waiting to Buy a Home? Here’s Why That Might Cost You More Later

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🏠 Thinking of Waiting to Buy a Home? Here’s Why That Might Cost You More Later

With mortgage rates still higher than a couple of years ago, it’s easy to think you should wait for them to drop before buying. But here’s the thing—home prices are still going up, and waiting could end up costing you more.

💡 Real estate expert Barbara Corcoran says: “Now is the time to buy.”

Here’s why:

✅ Prices Are Still Rising – Even if rates drop later, rising home prices could cancel out any savings.
✅ Low Inventory = High Competition – Many sellers are holding onto their low-rate mortgages, keeping inventory tight and prices up.
✅ Buy Now, Refinance Later – You can always refinance if rates drop—but you can’t go back in time to get today’s home price.

If you buy now, you start building equity and investing in your future—instead of waiting and potentially paying more.

💬 Have questions about buying in today’s market? Let’s chat about your options.

 

Source: SFGate