Timing the Market

Timing the Market? 

 

Timing the market feels tricky right now—that’s exactly why we built our Cost of Waiting Calculator. On a typical $450K home, waiting could cost $33,000+ in lost equity, even if rates dip later and price growth stays modest.


Here’s what the market actually looks like today: 

• 30-year fixed rates near 6% (down from ~6.9% last year) 
  
  
• Inventory up ~9% year over year, giving buyers more choice and negotiating power 
  
  
• Home prices up just ~0.9% YoY, meaning prices aren’t running away right now 
  
  

Buying sooner lets you capture today’s leverage, start building equity, and refinance later if rates improve. Waiting often means paying more for the same home.

 

It takes about 30 seconds to run your numbers here:


 https://www.envoymortgage.com/mortgage-calculators/cost-of-waiting-calculator/


Want to walk through what it shows for you? Send me your results, or let’s hop on a quick call.


Happy house hunting. 

Source:  HousingWire Inventory Tracker, Mortgage News Daily Rates