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.

Article below:

Why now is actually a good time to buy a house

[J. Mitchell Bernier]

I think any time is a good time if you can afford the house you want or if the cash flow makes sense then go for it. However, if anyone is selling you on the idea you can just refi later; run as fast as you can! We have no idea what is going to happen on rates so if that is your exit strategy, its a bad one.