Buy Now or Wait? Experts Weigh In on the House Hunt Question
Real estate experts advise that a strategic waiting game might be the best plan for buyers seeking to take advantage of the recent dip in borrowing costs.
Homes in Hercules, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Homebuyers may eye the sudden dip in US mortgage rates as a welcome opening. But with sellers starting to cut prices, experts say the market cooldown is just beginning.
Consumers navigating the least-affordable housing market since the mid-1980s are facing a precarious time with recession fears mounting, inflation pinching and mortgage rates looking nearly as volatile as the stock market. And nobody likes to buy at — or near — the peak.