The Expert Podcast

• Interest rates and home prices are currently high, leading many to advise against buying a home.
• However, there are factors indicating that now could be a good time for single-family home primary residents.

• Rates have stabilized a bit, and the market is starting to catch its breath after a significant price increase.
• There hasn't been a huge crash, just some reductions and discounting. While it's not impossible for a crash to happen in the future, it's not happening immediately.

• Most mortgages, despite current high rates and prices, were acquired over a year ago.
• There's no indication of a large number of defaults on existing mortgages.

• Experts suggest that now might be the time to buy, as there's more inventory and prices have stabilized.
• A psychology of fear is preventing some potential buyers from entering the market, but once they get over the fear and accept higher mortgage payments, inventory could start to be absorbed.

• While the future of rates and prices is uncertain, it's important to consider both sides of the argument.
• Weigh the risks and opportunities so you're not caught off guard by hindsight.