It’s a question we hear all the time at The Durham Team. And there’s a reason for the old real estate saying: “The best time to buy a home was yesterday. The next best time is today.” Real estate is a long-term investment, and home values tend to rise over time.
If you’ve been waiting for prices to drop or mortgage rates to improve, keep this in mind: waiting could end up costing more in the long run.
Home Prices Are Expected to Rise
According to Fannie Mae’s Home Price Expectations Survey, over 100 experts agree: home prices are expected to keep increasing through at least 2029. While the dramatic spikes are behind us, steady annual growth of 3–4% is projected. That’s a pace that supports buyers and market stability.
Even if growth slows in some areas, homeownership typically pays off over time.
Why Waiting May Cost More
- Prices are likely to be higher next year.
- Mortgage rates are hard to predict, and price increases can cancel out rate improvements.
- Buying sooner means building equity sooner.
For example, a $400,000 home bought in 2025 could gain nearly $80,000 in value by 2030. That’s more than equity—it’s long-term wealth.
So, What’s the Real Question?
It’s not just “Should I wait?” but “Can I buy now in a way that fits my goals?”
Whether that means a smaller home, creative financing, or exploring new neighborhoods, starting now could be the right move. And with the right team (like us), you’ll get advice tailored to your situation.
Bottom Line
Time in the market beats timing the market. The smartest choice is the one that supports your financial comfort and future plans.
Curious about your options or what’s happening locally? Let’s talk!