Now or Later? Unlocking the Secrets to Smart Buying Decisions
By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
In today's dynamic housing market, many potential buyers are contemplating whether to purchase a home now or wait for interest rates to decrease. While the allure of lower rates is understandable, several compelling reasons suggest that buying now could be a more advantageous decision. 🔑 Key Reasons to Buy Now1. Home Prices Are Likely to Rise Even with higher interest rates, home prices have continued to climb. In April 2025, prices increased by 1.4% nationally, despite a record $700 billion in listings. Waiting for rates to drop could mean facing higher home prices, potentially offsetting any savings from lower interest rates. 2. Less Competition in the Current Market Higher mortgage rates have led to decreased buyer demand, resulting in increased inventory and longer listing times. Th...
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