01/17/2026
Time in the market beats timing the market.
Are you "waiting for the perfect time" to buy your first home? Here's why that doesn't necessarily make the most sense:
Home prices tend to rise over time- even in "normal" markets. The average appreciation on a home is 4% annually, so even if interest rates continue to drop, the appreciation on your potential home will continue to drive the future sales price up.
So, a home that is available for $300,000 today, and appreciates at 4% per year, could cost you $337,000 three years from now because you decided to wait to purchase.
Not only can waiting be costly upfront in regard to down payment, larger mortgages which will result in thousands more paid in interest over time, etc., it can cause you to miss equity growth.
What's the best move for your future self?
Buy when you're financially ready, refinance later if rates drop, and start building equity sooner rather than later.
Curious about what buying now vs. waiting looks like in our local market? Let's run the numbers- no pressure, just clarity.
(743) 337-2627
[email protected]