Is Now a Good Time to Buy a Home?

Its a tough question because the answer can vary from person to person; but here's some information that may help in your decision. As the graph below shows, the rate of appreciation will moderate over the next few years as the market shifts away from the unsustainable pace it saw during the pandemic. After this year, experts project home price appreciation will continue, but at levels that are more typical for the market. The National Association of Realtors (NAR) says, “People should not anticipate another double-digit price appreciation. Those days are over, we may return to more normal price appreciation of 4% or 5% a year.”

The bottom line is, If you’re ready to become a homeowner, know that buying today can set you up for long-term success as your asset’s value is projected to grow with the ongoing home price appreciation.