Reasons against waiting for home prices to fall

[Armand Dufrane]

Hi all, after chairman Powells speech yesterday, it is clear that the fed is committed to fighting inflation by raising interest rates and selling bonds. This will have a negative effect on the housing market due to less demand from buyers. We have already seen price declines in many markets all over the country. 

Now, I know that the real estate pros say to never try to time the market, however, the fundamentals don't look too great right now and there is a good probability that buyers will be able to buy at lower prices if they wait a bit. I would love to hear from all of you on this forum your arguments for why it is a good or bad idea to wait for home prices to fall.

Thank you!

[David Krulac]

You do what you want to do.  We are always a buyer.  We bought property in 1981.  We bought property in 2008. For the last 35 years we have averaged buying more than 1 property every month.  We don't care if interst rates are low, high, stable or fluctuating.  We don't care if if a buyer's market or a seller's market.  We are ALWAYS buying.  Don't wait to buy real estate; buy real estate and wait.

David Krulac

Bigger Pockets Podcast #82 Guest