You may be well served to wait, because I don’t think interest rates will go so high that it makes a huge difference; however I wouldn’t recommend becoming inactive in the market. Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to.

From my perspective, and as long as you’re in it for at least ten years, and mortgage interest and property taxes are tax deductible, it’s almost always better to buy a SFR than rent one. Unless rents are crazy cheap, which they’re not.

Remember that the old saying still holds true. No one is making more land.

You may be well served to wait, because I don’t think interest rates will go so high that it makes a huge difference; however I wouldn’t recommend becoming inactive in the market. Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to.

From my perspective, and as long as you’re in it for at least ten years, and mortgage interest and property taxes are tax deductible, it’s almost always better to buy a SFR than rent one. Unless rents are crazy cheap, which they’re not.

Remember that the old saying still holds true. No one is making more land.

You may be well served to wait, because I don’t think interest rates will go so high that it makes a huge difference; however I wouldn’t recommend becoming inactive in the market. Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to.

From my perspective, and as long as you’re in it for at least ten years, and mortgage interest and property taxes are tax deductible, it’s almost always better to buy a SFR than rent one. Unless rents are crazy cheap, which they’re not.

Remember that the old saying still holds true. No one is making more land.

JC2, I think for you, it’s best to wait a year or two. It’s your money, do what feels right to you. What feels right to me doesn’t really matter. There are so many variables to this, on top of it all, we need a crystal ball to see the future as well. Unfortunately, my crystal ball broke, so I can’t really see the future.

JC2, I think for you, it’s best to wait a year or two. It’s your money, do what feels right to you. What feels right to me doesn’t really matter. There are so many variables to this, on top of it all, we need a crystal ball to see the future as well. Unfortunately, my crystal ball broke, so I can’t really see the future.

I can refute to some extent through personal experience. The simple fact is that sales prices are set by the owners of the homes, not the market comps, not the realtors, not the foreclosures, and not the interest rates. We finally bought a place and got it for 25% less than the sales price of a similar home next door. This happened because the children of the deceased owners wanted to get rid of the home quickly, and set the price to do so. Deals will be out there in two years, but they are also out there right now. If there is even a slight chance you can afford a home in an area you like, I recommend you continue looking diligently. The only way you are sure to miss-out over the next couple years is if you sit idly by and wait. Like the earlier poster said, things will work out the way they are supposed to.

I can refute to some extent through personal experience. The simple fact is that sales prices are set by the owners of the homes, not the market comps, not the realtors, not the foreclosures, and not the interest rates. We finally bought a place and got it for 25% less than the sales price of a similar home next door. This happened because the children of the deceased owners wanted to get rid of the home quickly, and set the price to do so. Deals will be out there in two years, but they are also out there right now. If there is even a slight chance you can afford a home in an area you like, I recommend you continue looking diligently. The only way you are sure to miss-out over the next couple years is if you sit idly by and wait. Like the earlier poster said, things will work out the way they are supposed to.