Should I Buy a Home Right Now? Experts Say Prices Are Only Going Up
If you’ve been on the fence about buying a home, you might be wondering: Is now the right time, or should I wait?According to real estate experts, home prices are expected to continue rising, making today’s market an opportunity worth considering.
Home Prices Are Trending Upward
Industry analysts, including those at Redfin, predict that home prices will keep increasing throughout 2025. While some buyers are holding off in hopes that prices will drop, the data suggests otherwise. Delaying a purchase could mean paying more for the same home down the road.
It might feel tempting to wait for home prices or mortgage rates to drop, but here’s what you need to know.
Home prices are going up, so the longer you wait, the more expensive your home will be.
Even if mortgage rates go down a little, higher home prices could still make waiting more costly.
Buying now means you can start building equity sooner. As home values rise, your investment grows as soon as you buy.
Why Are Prices Rising?
Several key factors contribute to this upward trend:
✔️ Low Housing Inventory – There simply aren’t enough homes on the market to meet demand, keeping prices competitive.
✔️ Strong Buyer Demand – Millennials and Gen Z buyers are entering the market, adding pressure to available inventory.
✔️ Stable Economic Conditions – With wages increasing and the economy holding steady, many buyers are financially prepared to invest in homeownership.
Even though there are more homes for sale now compared to last year or even last month, there still aren't enough homes to meet the demand from buyers. This keeps pushing prices higher. As Redfin says:
“Prices will keep rising at a similar pace to the second half of 2024 because there won’t be enough new homes to meet demand.”
While every market is different, most areas will likely see steady price growth. Some areas may level off a little, but a big national price drop isn’t expected.
Should You Buy Now or Wait?
If you’re financially ready to buy, purchasing now could lock in a lower price before home values rise even further. Additionally, if mortgage rates drop in the future, you can always refinance to secure a better rate.
At Home Grounds Real Estate, we help buyers navigate the market with confidence—whether you’re a first-time homebuyer, a military family relocating, or an investor looking for the right opportunity.
Let’s Find Your Home!
If you’re thinking about buying, let’s talk! We’ll help you explore your options and find the best home for your needs.
📧 Contact Trey Maldonado & Mary Le-Maldonado:
📞 (360) 564-8780
📧 trey@homegroundsre.com | mary@homegroundsre.com