Should Buyers Wait for Prices to Fall?

Purchasing a home is the largest investment that most people will ever make. Experts are expecting prices to continue to rise.  Using a conservative rate of 5% inflation, if you purchased a home for $350,000 in February 2022, in 2027 the same home could cost you $439,441. Keep in mind the graphic represents national averages, locally we are seeing prices rise at a quicker pace.