[cableguymn]

No.. before slow joe caused inflation and higher rates was the time to buy.

[TexasFreeper2009]

well of course, if you have a time machine. But we don’t so with inflation skyrocketing.. he is right, this is the time to buy any appreciating asset.

[God luvs America]

Exactly- the housing market is already dropping. Mortgage rates going up, inflation, home heating oil, etc.

Home shop and don’t pass up a great deal but take your time- houses will be significantly lower in 12 months.

[DEPcom]

"No.. before slow joe caused inflation and higher rates was the time to buy."

He saying:

• Right now is the best time to buy a house if you are buying in the next 5 years.
• Prices are not going down, they are going to go up slower
• Five years from today houses are going to be more expensive, this is as cheap as it's going to be in the next five years
• Don't wait for interest rates to come back down to buy, refinance if the rates come back down. (Me: get locked into an interest rate before they go more )
• Sellers are selling because they believe it is the best time to sell.
• In 1982 when interest rates were high home prices did not come down, the sales slow down but prices did not go down.
• The data indicates we are in a housing shortage.

I think it is best to get into a house if you can afford it without overextending yourself. Rent will be higher than a mortgage payment. The rent for my house would go for three times more than my house payment.
We know the interest rates are going up, lock in a good rate before they go up any higher.