Trying to decide whether it makes more sense to buy a home now or wait? There’s a lot to consider, from what’s happening in the market to your changing needs. But generally speaking, aiming to time the market isn’t a good strategy – there are too many factors at play for that to even be possible.
That’s why experts usually say time in the market is better than timing the market.
In other words, if you want to buy a home and you’re able to make the numbers work, doing it sooner rather than later is usually worth it. Bankrate explains why:
“No matter which way the real estate market is leaning, though, buying now means you can start building equity immediately.”
The Benefits of Buying Now
Each quarter, Fannie Mae releases the Home Price Expectations Survey (HPES), which asks over one hundred economists, real estate experts, and investment and market strategists what they forecast for home prices over the next five years. The latest data shows that home prices are expected to continue rising through at least 2029—just at a slower, more normal pace than the past few years.
But what does that really mean for you?
To give these numbers context, imagine purchasing a $400,000 home in early 2025. Based on HPES projections, you could gain more than $83,000 in household wealth over the next five years. That’s not a small number. If you keep renting instead, you’re missing out on this equity gain and wealth-building opportunity.
And while today’s market has its fair share of challenges, this is why buying is worth it in the long run. If you want to buy a home, don’t give up. There are creative ways to make your purchase possible, including:
- Exploring more affordable areas
- Considering condos or townhomes instead of single-family homes
- Looking into down payment assistance programs
The Risk of Waiting
So sure, you could wait. But if you’re simply holding out to perfectly time the market, you may be missing out on significant equity gains. Home prices are expected to keep rising, which means waiting could mean paying more later.
Bottom Line
If you’re torn between buying now or waiting, remember that it’s time in the market, not timing the market, that truly matters. If you’re ready to start building equity and securing your financial future, connect with The Audra O’Neal Team today to discuss your options and take the first steps toward homeownership
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