Re: I Wouldn’t buy real estate right now.
Date: January 14, 2022 12:27PM
That depends. Are you buying with cash or are you relying on credit? If you need a mortgage to buy a home, then today is the time to buy. Interest rates are not going to be this low again for a long time. If you need financing to buy a house, the price of the house would have to drop 25% for the monthly PI on a 4% loan to equal the PI on a 2% loan at current prices. Don't hold your breath for that kind of drop in the DC area.