For US folks, is right now a good time to buy a house? (lemmy.world)

submitted 1 day ago by Suck_on_my_Presence@lemmy.world to c/asklemmy@lemmy.world

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Since the election I've kinda buried my head in the sand to try and stay sane, so I'm not sure what projections are looking like for the real estate market. Unfortunately I need to move pretty ASAP and I'm having the worst luck with rentals.

So, anyone have any advice or an idea of the outlook in the next few months?

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[-] aesthelete@lemmy.world 5 points 21 hours ago* (last edited 21 hours ago)

I really doubt the guy who loves low interest rates, looks to be trying to devalue the dollar purposefully, and is a corporate landlord himself will make a lot of moves that purposefully deflate the price of housing. He may do it accidentally, but I kind of doubt that too. If Trump gets his way and deports a bunch of people, welp...guess what a lot of the construction labor pool is? A mortgage is essentially a long-term bet that the dollar will be worth less than it is today. If you can afford to get one at current mortgage rates, I would pull the trigger. If rates drop again you can refinance, but what you will never be able to do is get a 2025 offer accepted on a house that's now worth much more in 2030. My main regret in buying my place--in the pants-shitting part of the early pandemic--was not doing it earlier.

this post was submitted on 27 Dec 2024

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