Should you buy right now in 2023? If you have considered buying, you may or may not be wondering if you should buy now or wait.
Well you should definitely be financially comfortable with what you are buying.
Historically homes have increased in equity within a 3-5 year timespan. If you plan on staying on a property for at-least that long, you are most likely to build equity in that home.
If home values remain the same and your home has the same value in the next 5 years, you still paid towards your mortgage every month and have built equity that way.
Talk to your realtor and lender about your specific situation to determine if home buying is currently right for you.
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