Is Now the Right Time to Buy a Home? Explained

Buying a home is one of the biggest financial decisions, and timing can be everything. With constant headlines about fluctuating interest rates, housing inventory, and economic shifts, it’s natural to wonder: Is now the right time to buy a home?

The answer depends on several key factors, including your financial situation, market trends, and long-term goals. Let’s break it down.

1. Mortgage Rates: Where Are They Headed?

Over the past few years, mortgage rates have risen from historic lows. While they may not be at rock-bottom levels anymore, rates are still within a reasonable range compared to historical averages.

The important thing to remember is that waiting for a “perfect” rate can backfire. If rates drop after you buy, you can always refinance. But if home prices continue to rise, waiting could mean paying more later.

2. Home Prices: Will They Go Up or Down?

San Francisco and the Bay Area remain competitive, but price trends vary by neighborhood. While some areas have seen price corrections, demand for housing remains strong—especially for well-priced properties.

Historically, real estate appreciates over time. If you plan to stay in your home for several years, buying now could mean building equity sooner rather than later.

3. Inventory: Are There Enough Homes for Sale?

Low inventory has been a challenge, but as conditions stabilize, more sellers are entering the market. More inventory means more choices for buyers, reducing the level of bidding wars we saw in previous years.

If you’ve been struggling to find the right home, now may be the window of opportunity you’ve been waiting for.

4. Renting vs. Buying: What Makes Sense for You?

Renting may feel like the safer option, but consider the long-term costs. Rental prices in San Francisco remain high, and monthly rent payments don’t build equity. Owning a home allows you to invest in your future while benefiting from tax advantages.

If your goal is long-term stability, building wealth, and having a place to truly call your own, buying could be the better move—even in today’s market.

Click here to calculate the long-term effect of renting vs buying.

Final Thoughts: Should You Buy Now?

There’s no one-size-fits-all answer, but the current market offers real opportunities for many buyers. Mortgage rates are unpredictable, home prices tend to rise over time, and increased inventory gives buyers more options.

The best way to decide? Speak with a real estate professional (that’s me!) who can analyze your specific situation and help you make an informed decision.

💡 Thinking about buying a home? Let’s chat! I’ll walk you through your options and help you find the right home at the right time.

Yevgeni Vlasov REALTOR® m. 415.510.1852 yevgeni.vlasov@corcoranicon.com DRE# 02205775 Contact Me Page