Trystan Trenberth argues now is a good time to buy a house. If interest rates fall, you can refinance; if they rise, you've locked in a better rate than future buyers will get. The best time to buy was twenty years ago, but the next best time is today.
Well, why is now a good time, good time to buy a house? Same analogy of the tree. The best time was 20 years ago. The next best time is today. If interest rates keep going down, the demand is going to go up and the price is going to go up. We've got a good spot right now. Interest rates— it's never a bad time to buy real estate because if the interest rates go down below what you've got, you can refinance and save money. If they go up, you've got a better interest rate than you have moving forward.
