Should I Buy a Home Now or Wait? | Huntsville, AL Real Estate
Should I buy a home now or later? Whether you're renting a home, whether you're expanding your family, whether you're looking to invest or buy that dream home; there's a lot of mixed information out in the marketplace right now that’s causing confusion on home purchasing decisions.
Why You Should Wait
Home affordability continues to drop. It's dropped 45 points in the last two years from 155 down to 110. Buyers have been faced with this double whammy of rising interest rates, along with rising prices as well. The other thing is there's a lot of fear of a recession in the market and with that potential job losses that might come. Those are all valid reasons for why to consider…
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