This Might Be the Perfect Time to Buy a House

 

 

 

 

Buy now or wait? It’s a common question, but for today’s buyers, the news isn’t all doom and gloom.

 

Yes, prices remain high — the median U.S. home price hit $426,900 in June 2024 — but opportunities are opening up. Mortgage rates have eased from their 8% peak in late 2023 to around 6.94%, making monthly payments more manageable. Homes are staying on the market longer, giving buyers more time and negotiating power. Plus, inventory has jumped over 20% year-over-year, offering more choices than we’ve seen in a while.

 

So if you’ve been waiting for the right moment, this could be it. Here’s what to keep in mind as you consider making your move.

 

 

 

 

Is now a good time to buy a home?

 

 Yes — if you’re financially ready, now can be a smart time to make your move.

 

Mortgage rates have eased from their 2023 peak, and while home prices remain high, buying now lets you start building equity right away. Locking in a rate today also protects you from future increases — and if rates drop, you can always refinance.

 

As experts say: “You marry the house, date the rate.” You don’t need to time the market perfectly — just find the right home for your long-term goals.

 

If you have strong credit, a solid down payment, and plan to stay put for a while, now may be the perfect time to buy.

 

Ready to buy? Let’s talk — call 678-744-8070!

 

 

 

 

Look closely at your local market.

 

Real estate is local — what’s true nationally might not reflect what’s happening in your neighborhood. Even nearby cities can differ widely in pricing and competition.

 

That’s why partnering with a knowledgeable local agent like me is key. I’ll help you understand your market’s trends and guide you toward the best opportunities.

 

Call me at 678-744-8070 to get started!

 

 

 

 

What if there’s a recession?

 

If you’re financially stable, a recession can actually be a great time to buy. With less competition, you may have more negotiating power and a better shot at finding the right home.

 

While economic uncertainty can affect lending and inventory, being prepared puts you in a strong position to take advantage of the market.

 

Questions or ready to explore your options? Call me at 678-744-8070!

 

 

 

 

Next Steps

 

Buying a home can feel overwhelming, but waiting too long may mean missed opportunities. Start by reviewing your finances and how much you can put toward a down payment. Get a feel for the local market, then connect with me to help you decide the best time to buy.

 

Call me at 678-744-8070 — I’ll help you navigate your options with confidence!