Why is now actually a good time to buy a house?? Ask me!

[Michael Farinello]

Spoiler alert:

Despite high mortgage rates and soaring home prices, there's an argument for prospective buyers to enter the US housing market now due to reduced competition. High mortgage rates, currently at 8%, have discouraged many potential buyers, creating a somewhat favorable environment for those who are willing to act. Experts suggest that when mortgage rates eventually drop, there will be a surge in demand, potentially causing home prices to rise significantly, making this an opportune time for buyers who can find something within their budget.

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Why now is actually a good time to buy a house