Don’t Wait to Buy:
Why Today’s Market Still Favors Homebuyers

If you’ve been on the fence about buying a home, you’re not alone. Many hopeful buyers are wondering if they should wait for prices to drop or interest rates to improve. But the truth is, waiting could cost you more than you think.

Here’s why: home prices in Minnesota and across the country are still climbing. Yes, the pace is slower than the post-pandemic boom, but experts still forecast steady growth of about 3-4% annually. That means a home priced at $400,000 today could cost over $415,000 next year.

The longer you wait, the more you may have to pay—not just for the home, but also in lost equity. Owning a home allows you to build equity over time, which helps grow your net worth and sets you up for long-term financial stability. Every month you wait is a missed opportunity to invest in your future.

More importantly, trying to “time the market” often leads to missed opportunities. Instead of waiting for the perfect moment (which no one can predict), focus on whether the timing is right for you. If you’re financially ready, buying now gives you a head start on equity and puts you in control—no more rising rents or competing for inventory when prices are higher down the road.

Not sure where to start? Let’s look at what’s happening right here in the Twin Cities market. Our expert agents can break down local trends and help you find a smart path forward based on your goals. Reach out today!