Please consider the cost of financing when buying your home. look at your monthly payment! You think home prices might drop, you wait to buy. Is this wise? What if home prices drop a little and interest rates (now in the 6s) go up?
Even if the price on the home of your dreams drops $20K, you would still pay more if rates go up to 7%. Take advantage of today’s good rates. They most likely will not go much lower.
For most buyers, it’s not so much the price of the home as the monthly budget. It’s not so much about the asking price as it is about how much the monthly payment will work out to with gas and groceries more expensive.
In today, real estate market, it’s is about the monthly payment as much as price.