Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait, though? Will the housing market of the future be any more favorable for homebuyers? Here’s what experts think.
Key housing market statistics today
—The median home sale price hit $433,100 at the beginning of 2022, according to Census figures. That’s up from $329,000 at the start of 2020.
