Reasons against waiting for home prices to fall

[Armand Dufrane]

Hi all, after chairman Powells speech yesterday, it is clear that the fed is committed to fighting inflation by raising interest rates and selling bonds. This will have a negative effect on the housing market due to less demand from buyers. We have already seen price declines in many markets all over the country. 

Now, I know that the real estate pros say to never try to time the market, however, the fundamentals don't look too great right now and there is a good probability that buyers will be able to buy at lower prices if they wait a bit. I would love to hear from all of you on this forum your arguments for why it is a good or bad idea to wait for home prices to fall.

Thank you!