Wondering If You Should Still Buy a Home Right Now? Here’s What To Keep in Mind

With constant headlines about the economy, global uncertainty, and affordability challenges, it’s completely normal to question whether now is the right time to buy a home.

As a REALTOR® in the Phoenix Metro area, I’ve had this conversation with many clients lately, and the truth is, while the market has shifted, the opportunity to buy hasn’t disappeared. It just requires a different approach and the right strategy.

Here’s what you need to keep in mind if you’re considering making a move right now.

Step 1: Understand What’s Happening with Mortgage Rates

After trending downward for much of 2025, mortgage rates have ticked up slightly in recent weeks. This shift is largely tied to broader economic factors like inflation concerns, global events, and rising energy costs.

What does that mean for you?

It means the market is adjusting but not closing.

Even with rates in the mid-6% range, today’s buyers are often still in a better position than those who purchased at higher costs last year. The key takeaway: rates may fluctuate, but opportunities still exist.

Step 2: Don’t Try to Time the Market Perfectly

It’s easy to look back and think, “I should have bought when rates were lower.” But real estate isn’t about perfect timing—it’s about making the best decision with the information you have today.

Markets change quickly. Waiting for the “perfect” moment can often mean missing out entirely.

Instead, focus on:

• Your financial readiness
• Your long-term goals
• Your current lifestyle needs

The right time to buy is when it makes sense for you, not the headlines.

Step 3: Expect Some Volatility

One thing we can count on right now is that mortgage rates will continue to move.

Economic reports, inflation data, and global events will all play a role in where rates go next.  While you can’t control those factors, you can control how prepared you are.

That means:

• Getting pre-approved
• Understanding your budget
• Staying informed with a trusted professional

Preparation puts you in a position to act confidently, no matter what the market does.

Step 4: Focus on Your Personal “Why”

For many buyers, the decision to move isn’t just about rates, it’s about life.

You may be:

• Growing your family
• Relocating for a job
• Downsizing or upgrading
• Looking for a lifestyle change

Those reasons don’t pause just because the market shifts. If your needs are real, your timeline doesn’t have to wait.

Step 5: Explore Creative Financing Options

Today’s market is all about strategy.

There are more options available than many buyers realize, including:

• Adjustable-rate mortgages (ARMs) for lower initial payments
• Down payment assistance programs
• Rate buydowns and seller concessions

The key is working with a knowledgeable lender and agent who can walk you through what fits your situation best.

Step 6: Build the Right Team

Having the right professionals on your side is more important than ever.

A strong team will help you:

• Break down the numbers clearly
• Understand your options
• Navigate changes in real time
• Create a plan tailored to your goals

This isn’t a one-size-fits-all market, and your strategy shouldn’t be either.

Conclusion: You Still Have Options

Yes, the market has changed. Yes, there’s some uncertainty. But that doesn’t mean your opportunity to buy a home is gone.

If you'd like to move, you still can.

The key is approaching today’s market with the right mindset, preparation, and guidance.

If you’re in the Phoenix Metro area and thinking about buying, I’d love to help you explore your options and build a plan that works for you. Reach out anytime at 602-502-6468 or email bret@renetgroup.com. Let’s make your next move a confident one.

Reference: This summary is based on insights from Bret Johnson, Associate Broker at Realty Network Group at Real Broker and Keeping Current Matters. For the full article, visit Real Estate with Bret Johnson.