Is Now the Right Time to Invest in a Home? Expert Insights

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One of the best things to come out of hosting a daily LIVE Q&A for all of you on Instagram is the insights I get into your most pressing questions. And right now, lots of you want to know is this a good time to buy a house? Many of your concerns are colored by the last recession when housing prices fell substantially. So, let’s take a look at some key housing market metrics to see how today may differ from 2008… and provide some insights for what may happen to housing prices over the next few months and years. Prefer to listen? Catch a deep dive on the housing market and why prices are rising on this week’s podcast episode of Finance Explained.

This post was originally pubished in May 2020. Data has recently been updated as of April 2021.


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About Meghan

Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with! You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.

10 Comments

  1. […] If you’re ready and wondering if now is a good time to buy, be sure to check out this post on the factors to evaluate in the current housing marke to decide if this is a good time to buy a house. […]

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  4. Laurie on April 20, 2021 at 3:38 pm

    This is a very frustrating scenario playing out in the life of my son and his wife. He graduates from medical school in May and is moving to another state for residency and his wife to start grad school. They are ready and able to buy a starter home not as a long term investment but because they would pay double in rent what they would pay for a mortgage. It makes financial sense for them. But, there are almost zero houses for sale in their price range. And, when one comes up for sale it’s sold in 2-3 days! They live several states away currently so they can’t be there to see the houses and make a rapid decision.
    It’s looking more likely that they will end up having to rent for a while which will cost them so much more in the long run.

    • Meghan on April 22, 2021 at 6:34 pm

      Maybe not… especially given they may not be there permanently, rent gives you flexibility. And remember there’s a lot more cost to homeownership than just the mortgage payment. Will they own it long enough for the price to appreciate enough and pay down the mortgage enough to net a profit after all the fees and closing costs? Especially without real knowledge of the area to know what part of town they want to live in… renting isn’t always bad.

  5. Market Weekly Update 4-26-2021 on April 26, 2021 at 9:29 pm

    […] of this week’s housing data release, I gave a detailed update on the housing market and the forces driving the current demand and price increases in the ho…, as well as in last week’s podcast deep […]

  6. Monday Market Update 5-24-2021 on July 9, 2021 at 9:33 am

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  7. Monday Market Update 9-27-2021 on September 28, 2021 at 9:19 pm

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    […] more insights on the housing market, be sure to check out Is This A Good Time to Buy a House? and listen to last week’s podcast featuring Zillow Economist Nicole Bachaud sharing her […]

  9. Market Update 1-31-2022 on February 3, 2022 at 10:13 am

    […] more insights on the housing market, be sure to check out Is This A Good Time to Buy a House? and listen to the podcast featuring Zillow Economist Nicole Bachaud sharing her insights and […]

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