Waiting for Real Estate Prices to Fall Before Buying? Here's Why That May Not Be a Good Idea
It's hard to deny the shifts taking place in the real estate market. Lower demand due to rising interest rates and higher inventory as sellers try to cash in on record-high home prices is cooling the flame behind the red-hot sellers' market.
More and more sellers are reducing their prices, and a growing number of transactions are falling apart due to rising rates making homes less affordable. Many believe falling prices are sure to come and are waiting to buy. But here's why waiting may not be a good idea.
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Source Fool.com