Is Now the Time to Buy? A Look at Where the Market’s Heading

The real estate market has been a little like a pitcher on the mound—you’re not always sure what’s coming next. Fastball? Curveball? Changeup? Lately though, mortgage rates have finally been throwing buyers a bit of a break. For the past month or so, rates have been trending down, and most predictions point to them continuing that way. How low will they go? Nobody has the exact answer—but lower seems very likely.
So what does that mean if you’re a buyer? Honestly, right now feels like a pretty sweet spot. A lot of really nice homes are sitting on the market longer than usual, which means less competition and more room to negotiate. Buyers who jump in now can often secure solid terms—or even snag that home they’ve been eyeing for a price that feels like a win.
But here’s the catch: if rates drop further (and all signs say they will), more buyers will come off the sidelines. Suddenly, that house you’ve been casually keeping tabs on could have two or three offers on it overnight. Real estate has a funny way of syncing up—two people who’ve been waiting will both decide to act the same week, and now you’re in a bidding war for the home you could’ve had all to yourself.
When will that wave of renewed buyer motivation hit? Could be October, could be November. The exact timing depends on how quickly rates keep sliding. But make no mistake—if you’re thinking about buying, the market is setting up for more competition ahead.
For now, buyers who act sooner rather than later may find themselves with the upper hand. And in real estate, that’s not something you want to let slip by.