With tariffs, falling stocks and shaky bonds, everyone is wondering if now is the right time to buy a home. When it comes to homeownership, it’s a long-term game. Historically, home prices rise over time, which means waiting might cost you more in the long run. Even if you’re hoping for a price drop or lower mortgage rates, trying to time the market usually doesn’t work out in the way you expect.
Home Prices Are Going Up
In a recent study conducted by Fannie Mae in collaboration with Pulsenomics, LLC, housing experts offered detailed predictions on national home price trends through 2029. This quarterly survey, known as the Home Price Expectations Survey, gathers insights from over 100 industry specialists and academic researchers. Using Fannie Mae’s Home Price Index as a baseline, experts have projected steady annual growth over the coming years.
The Stats
According to the latest results from Q1 2025, experts forecast home price increases of approximately 3.4% in 2024, 3.3% in 2025, and accelerating slightly to 3.7% in 2026. These numbers highlight the consistent, healthy growth predicted for the housing market, indicating that home prices are expected to continue rising gradually rather than falling. For prospective buyers, this trend emphasizes that waiting may result in paying more for the same home in future years.
Breaking Down The Numbers
Let’s talk numbers. If you wait until 2030 to buy a $400,000 home, it could cost you nearly $80,000 more than if you bought the same house in 2025, based on expert projections. That’s a serious chunk of change! Buying now means you can start building equity sooner and enjoy the rewards of homeownership long before prices increase further.
Waiting Could Cost You More Than You Think
If you’re wondering, “Should I wait?” think of it this way: it’s not about trying to time the market perfectly; it’s about getting in when it makes sense for you. By waiting, you might miss out on the opportunity to build equity and increase your future wealth.
If you’re unsure about whether now is the right time, talk to one of our preferred lenders or agents. You can explore alternative financing, ask about down payment assistance programs, or even consider homes in our different communities.
Don’t wait for the perfect moment. The right time to buy a home is now. Want to learn more about the local market? Contact us to get started on your path to homeownership today.
