10/12/2026
POV: another buyer just told me they're "gonna wait it out for rates to drop." Let's talk about it.
I get the instinct — a lower rate sounds like the obvious win. But here's what I've seen happen in past rate cycles: when rates ease, more buyers tend to come back into the market, which can mean more competition and upward pressure on prices. That's not guaranteed every time, but it's a real pattern worth thinking through.
Meanwhile, home prices have already risen for 38 straight months, according to NAR data — that trend doesn't pause while rates are being watched.
I'm not able to tell you what rates will do — that's a conversation for your lender. But I can help you think through timing, what's actually available right now, and what waiting might cost you in terms of competition and price.
If you're on the fence, let's talk through it together — and loop in your lender so you've got the full picture.