Should You Try to "Time" the Market?
If you're thinking of buying a new home, you might be tempted to wait until "the market is just right." That might work for professional real estate investors who are willing to take those kinds of risks. But if you're looking for your next dream home, trying to time the market is usually not a good idea.
Why? Because no one can predict the real estate cycle with any degree of accuracy. Interest rates go up and down, as do housing prices - often a lot less predictably than experts care to admit to. If you attempt to wait until just the right moment, that moment may never arrive. And, you'll miss out on some great opportunities.
When is the best time to look for a new home? When you're ready to buy one. Don't wait. Start your search today.