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You’ve probably heard it: “Now isn’t a good time to buy a home.” Whether it’s from headlines, social media, or casual conversations, this myth has made its rounds. But let’s set the record straight—because waiting could cost you more than you think.
🚨 The Myth: “It’s Better to Wait Until Prices or Rates Drop”
This idea sounds logical on the surface—why not wait until mortgage rates drop or the market "crashes" and scoop up a deal? But here’s what you need to consider:
📈 1. Prices Are Still Climbing
Across many markets—including right here in San Diego—home values continue to rise steadily. Even moderate appreciation means you could pay tens of thousands more just by waiting 6–12 months.
▶ Real data: In San Diego, the median home price has increased year-over-year for the past decade, even during rate hikes.
💥 2. If Rates Drop, Competition Will Spike
Many buyers are sitting on the sidelines waiting for rates to come down. When that happens, demand will surge—but inventory won’t. This means more bidding wars, more competition, and higher prices.
▶ Waiting for a rate drop often means paying more for the same house later.
⏳ 3. Timing the Market = Risky Strategy
Trying to “time the market” perfectly is like trying to guess the stock market’s next move. It’s unpredictable and rarely works in your favor. Instead, focus on your timeline, your budget, and your goals.
▶ The best time to buy is when you’re ready—and prepared.
💰 4. Time In the Market Builds Wealth
Buying now gives you a head start on equity. Real estate isn’t about quick wins—it’s about long-term wealth building. The sooner you start, the longer your asset has to appreciate.
▶ Homeowners build 40x more net worth on average than renters (Source: Federal Reserve).
✅ Bottom Line
Don’t let headlines or market fear keep you from achieving your real estate goals. The smart move? Buy when you’re ready, not when the media tells you to. With the right strategy, now can absolutely be the best time to buy.
Let’s talk strategy. Whether you're looking to buy your first home or your next investment property, I'm here to guide you every step of the way.
📲 Call or text me at (619) 214-1325
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