You’ve probably heard the phrase: “Yesterday was the best time to buy a home, but the next best time is today.”

That timeless advice remains true because homeownership is a long-term investment—and historically, home values tend to rise over time. While it might be tempting to wait for a dip in prices or a more favorable mortgage rate, the reality is that trying to perfectly time the market is rarely effective.

What many buyers don’t always consider is that waiting could cost more in the long run. And understanding why that happens can empower you to make the best decision for your future.

Forecasts Point to Ongoing Home Price Growth

Every quarter, over 100 housing market experts contribute to the Home Price Expectations Survey from Fannie Mae, and they continue to agree on one encouraging point: nationally, home values are projected to increase through at least 2029.

Although the rapid price surges of the past few years have leveled off, experts now anticipate a more stable and sustainable annual growth rate of 3–4%. While these numbers will differ slightly depending on your local market, this consistent pace is a healthy sign for the overall real estate landscape—and a positive outlook for anyone hoping to buy.

Even in areas where price appreciation is more modest or temporarily flat, the long-term benefits of homeownership still hold strong.

Here’s what this means for you:

- Home prices are expected to be higher next year than they are today. Waiting may mean paying more.

- Holding out for lower mortgage rates or price drops could backfire. as rising home values may offset any rate savings.

- Purchasing now allows you to start building equity sooner. Which can significantly boost your net worth over time.

A Real-World Look at Equity Growth

Let’s look at the numbers. If you were to purchase a $400,000 home in 2025, and home values grow as projected, that same home could be worth nearly $480,000 by 2030. That’s an increase of almost $80,000 in just five years (see graph below).

That kind of equity growth is why many current homeowners are celebrating their earlier decision to buy. The longer you own a home, the more opportunity you have to benefit from appreciation—and that’s why time in the market is so powerful.

It’s not just about when to buy, but whether you can afford to do so now. If you’re able to stretch your budget slightly or consider a smaller home to get started, the long-term payoff could be well worth the initial adjustment.

Navigating Today’s Market with Confidence

Yes, the housing market comes with its challenges—but there are practical strategies to help make your purchase possible. Consider exploring different neighborhoods, speaking with your lender about flexible financing options, or looking into down payment assistance programs.

The most important thing is to move when the timing works for your life, rather than holding out for a flawless market that may never materialize.

Bottom Line: Time in the Market Beats Timing the Market

If you're weighing your options between buying now or waiting, remember that real estate tends to reward those who get in early, not those who wait for the "perfect" moment.

Curious about the housing trends in your area or want help mapping out your path to homeownership? Whether you’re ready to take the next step or just starting to explore, having a solid plan can set you up for long-term success.

For personalized guidance and expert insight, reach out to Mike Panza and the team at Panza Home Group. We’re here to help you navigate the market and make confident, informed decisions. Contact us today at: https://panzarealestate.com/team/mike-panza