Have been seeing all the inflation going on and rates of everything are rising to abnormal. Is it a good time to buy a house?. Have been seeing predictions and saw that crash is expected dec 2023. Any suggestions?

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There is always someone saying a crash 1 year away if you pay attention to the financial pundits on CNN money, Bloomberg, etc.

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Buy after crash 2023

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The housing market is frothy and has been for a few years now. I am reluctant to buy as well. The challenge is wondering if the prices will stick or crash. People wondered the same thing before the last crash in 07 - 09.

If you need a house, buy for the long-term and ride it. If you don’t, amass some savings and try to buy with a larger down payment or outright cash *when* housing prices come down.

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Prices are too high but mortgage rates are still great. Tough call. I’d wait a while.

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If you plan to stay in your house for a long time I think it’s a good time to buy.

I think also one thing to consider is where you live. If you live in Texas or any other state where there is a huge spike in out of state residents moving in, there is less likely of a "crash" to occur. In fact, as I live in Houston cost of houses have increased significantly and are harder to come by at a reasonable rate in a good area with better school districts as many Californians and Floridians have been making the move here.

Prices sadly won’t crash because there are a lot of buyers waiting for any sort of dip in prices.

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