If you’ve been waiting for home prices to go down before you buy, you might be waiting a long time, experts say.
Although it might be tempting to time the market, it doesn’t look like home prices will be decreasing anytime soon. Prices may rise at a slower rate than the record 20% increase we witnessed at some points last year. But Dr. Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, predicts that home prices will rise at a slower rate of 5.1% in 2022.
When it comes to buying a home, trying to time the market is risky, especially since experts predict that costs will continue to rise. Many real estate experts agree that by prioritizing your personal finances, you can buy a home when the timing is right for you — rather than waiting for a downswing in the market.
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https://time.com/nextadvisor/mortgages/should-you-wait-to-see-if-housing-market-falls-before-buying/
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