Usually, the best time to buy was yesterday, last year, or five years ago. If history continues, the best time to buy value-wise is now, since you can’t go back in time. But you also need to feel comfortable, stable, and confident you can afford the home. The real answer: buy when the time is right in your life, when you can afford it, and when you’re ready to take the step.
Why own?
Homeownership is the number one way American families build wealth. Every mortgage payment and every month that passes is a chance for your equity to grow, and five years flies by. How long have you been paying rent? Five years at $2,000 a month is $120,000 you’ll never get back. Some of a mortgage payment goes to taxes and insurance rather than equity, and that math doesn’t even include appreciation. But owning also lets you control your costs, avoid rent increases, and stop worrying about having to move.
The advantages of buying now
As of late 2026, buyers are in control. With little competition, you can negotiate heavily on price, repairs, credits toward rate buy-downs, and terms. Offering 2% escrow and a short two-week close, instead of 30 days, can bring a seller to the table. After years of sellers controlling the market post-COVID, this is your chance to call the shots.
The disadvantages
Rates. After years of near-free money, 7% and higher hurts. Buy when you’re ready and can afford it. Don’t count on a refinance, though if rates drop you’ll be in even better shape. Don’t over-buy. If you’re a first-time buyer, consider a setup that lets you comfortably live with a roommate. You can often live for less than rent that way. Save, invest, and keep moving forward on your terms. Don’t let rates stop your progress.
Ready to talk it through?
Whether you’re eyeing a condo downtown, a South Tampa home, or something in St. Pete, call or text Matt at (940) 206-1931 for a free, no-pressure strategy call.
The Marsden Group | Agile Group Realty