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The decision of when is the right time to buy is super personalized based on needs and other goals! Happy to chat more on this with you: jlind@firstunitedbank.com
I think prices will unfortunately continue to climb for the foreseeable future
I think people will eventually just accept they need to buy. A lot of people are on the sidelines but eventually their 2-bed condos will be too small for their now family of 4.
I have several properties and plan to buy another soon, expecting that a fair to good deal on today's market, and then of course adjusting mortgage later on when rates meaningfully drop, will be a better option for those with the ability to buy now before rates drop and prices rise with them.
Econ 101 says price should drop significantly. But if you are here for the LT then you just need to make sure your math is right
100% agreed with your wording FLCA1. Naturally assumed prices of homes should rise, as that was topic on hand.