In 2024, many potential homebuyers have been sitting on the sidelines, hoping for mortgage rates to drop further before making a move. While rates are expected to dip slightly by the end of the year, waiting can be risky. Some buyers are holding out for rates to fall below 6%, while others are ready to act as soon as they reach their target rate. However, waiting too long could result in higher home prices and more competition, making it crucial to weigh the risks of waiting against acting now.
If you're considering a move or purchasing an investment property, consulting with Armenta Realty can help you strategize the best timing for your purchase, ensuring you don't miss out on favorable opportunities.
