I hear from clients all of the time that the market is going to crash so I'm going to wait to buy. I have one client who has said that since 2018. He missed out on lower prices in 2018, lower interest rates in 2020/2021 and now he's faced with higher interest rates and higher prices.
The truth is the market crashing isn't great for really anyone. If the housing market crashes then it'll be really hard to get a loan. Beyond that people will suffer. Whether it's to suffer from job loss, foreclosure on their home, repo of their car. An economic downturn isn't as easy to navigate when you have no money or job prospects.
However, there is one way to time the market. You can time its seasonality. By that I mean you can get data on when home sale volume is up or down in your area. You'll want to learn more about your local market to determine when these times are and different tactics you can take to make sure you get the best deal possible (whether you're selling or buying).
How would a real estate professional be able to help you? We will do an actual consultation with you. Learn your needs and gather the appropriate resources for your situation. Building a profile of your situation will give us the starting point we need to gather the appropriate resources for your goals.
If you'd like to get a consultation and begin making real progress on your home search then contact us today.
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