We’ve all heard it before: “Now is a great time to buy!” But… is it?
A recent post by real estate data expert Lance Lambert dropped some eye-opening stats:
📉 If U.S. home prices fell 41%, we’d return to pre-pandemic affordability.
📈 If incomes spiked 69%, same result.
🏦 If mortgage rates dropped 4.3%, we’d get back to those pre-2020 vibes.
Here’s the answer ➡️ It depends on your timeline.
If you’re hoping for a quick flip—buy, paint, carpet clean, and resell in 18 months for a 20% profit—that strategy may not work in this market. ❌
But…
If you’re planning to put down roots, build equity, and live in your home for 7–12 years (which is the U.S. average), then yes—it could absolutely be a smart time to buy.
📬 I hope you found this helpful and as always, I’m here if you have any questions.
📍Let’s make a smart move together.
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