Real-estate analyst Nick Perry says property prices today are the cheapest they'll be for the next year. Construction costs for steel, labor, gas, and cement are rising, which will push up prices on existing homes. He tells cash-ready buyers to act now rather than wait.
The prices you see today are the cheapest they'll ever be. See, the property that you have your eyes on right now has a price that is not going to exist in the next 12 months. And it's not so much because of demand, but more so inflation. Like steel, labor, gas, and cement is only getting more expensive. So now every building has to be repriced. So you want to buy a property and have the money, then keep this in mind. Because time in the market always beats trying to time the market.
