I speak to people daily about the housing market and everyone I speak with wants to buy. They’re either ready to buy now, or waiting for the market to crash. I’ll continue to say; until I’m proven wrong that the market isn’t crashing its correcting.
Yes prices have come down and we don’t know when they’ll stop, but we can never perfectly time the bottom. Buyers and sellers have to make the right decision for their family despite the outlook of the housing market. A home is Real Property and will most likely be here well after we’ve passed on. No matter the chatter, real estate is the best investment. You just have to find the right deal.
Interest rates are also a concern for buyers and they should be.
Believe it or not, a home priced at $500K with a 4% interest rate has a $10 payment difference from a home priced at $400K and 6% interest.