As the interest rates are high rocketing, is this good time to buy a single family home ? Or do you think the housing market may come reasonable for everyone to buy their first time dream home in US?

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If you have the money and the budget buy a house. You can always refinance when rates come down. The real decision is if the current price of the house is something you are okay with paying. Market value is more important if you’re looking to flip a house, not if you’re trying to stay in it forever.

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My guess is that in markets that experienced inorganic growth based on nationwide changes the prices will drop (i.e. places where housing prices doubled but there was no change in demographic).

In places with organic growth the prices will continue to rise (charlotte, Austin, etc)

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First time dream home?

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Yes

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Depends on the market and your financial situation.

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Fannie Mae report shows higher home prices. At best they will stay flat.

Buying and building equity makes sense to me.

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Rates will keep going up

Homes are still in demand. If the rates come down even to 5-6% the prices will start to climb again

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