Jason Hartman argues that timing the real estate market is a losing strategy. Decades of research shows market timers underperform compared to investors who simply keep buying over time, regardless of mortgage rates or prices.
I'm not sure it's the best time. I think it would have been better to buy two years ago, obviously, right when you could have locked in a 30 year fixed rate mortgage at around 3% and you would have had a lower price on the house too. Now the housing market has become much less affordable. However, the general research over lots and lots of decades and lots of lots of asset classes show that market timers fail. The investors that win the game, regardless of the asset class, are not the people who are trying to outsmart the market, nor not the people who are trying to time the market. They're the people who invest. If someone watching or listening to this calls themselves an investor, well then you're supposed to be investing. Market timers that try to speculate and outsmart the market, they just never really win.
