First-time homebuyer Philadelphia

[Anthony P.]

Hi everyone, 

My wife and I are looking for our first home in Philly. We like Mt. Airy the most so far. My concern is the pending recession which I feel we might be entering at the moment. What's the feeling out there with offers, is there more negotiation power for the buyer yet? Has interest rate increases affected potential buyers in your experience. 

Basically, do you think better deals can be had by being patient a bit longer?