A person pondering about buying a home


It’s a question that has been on the minds of many potential homebuyers as of late: should I buy now or wait until later? With the pandemic, economic recession, and looming uncertainty, this question is top of mind. If you’re considering buying a house in the near future – then this blog post is for you. We’ll go over some of the pros and cons of buying now versus waiting until 2023 so you can make an informed decision about your purchase. 

The biggest concern is that the Federal Reserve is playing its hand in controlling inflation, raising the federal funds rate to a whopping 3.75%-4% - higher than it's been since 2008! Markets had coolly predicted this hike as well as possible further tightening of monetary policy depending on economic and financial developments coming down the pipeline. December could see another increase that may not be as dramatic but still have an impact nonetheless! So, be smart and save money by shopping around for the best mortgage rate.

So, what do people think about the real-estate market and mortgage rates? Fannie Mea recently published HPSI (Home Purchase Sentiment Index) which tracks consumers’ housing-related attitudes, intentions, and perceptions, using six questions from the National Housing Survey® (NHS).

First Time Home Buyers

First-time home buyers with low to moderate incomes can now get a sweet deal on their mortgage rate! Thanks to Fannie Mae and Freddie Mac, they're offering discounts of up 1.75 percentage points - that's sure to help break into the housing market more easily.

Are you a first-time homebuyer looking to make your dream of owning a house come true? Thanks to the FHFA First-Time Home Buyer Mortgage Rate Discount, that goal could be closer than ever! Launched in late 2022 and sponsored by the government, this program eliminates up significant add-ons on mortgage rates. You can use it for single family homes or multi unit buildings; adjustable rate mortgages as well as fixed loans; no matter if they're located rural areas or cities - all at low/moderate incomes qualify. Just remember, move into your new place within 60 days from closing and make sure its counted as primary residence! Get ready for homeownership with this amazing chance provided by The FHFA Program! They're offering discounts of up 1.75 percentage points

Watch this video about why first-time home buyers should buy now: https://youtu.be/ytRSxiBMXBk

December 2022 could be the perfect time to dive into homeownership!

  • Mortgage rates dropped
  • Home prices are flat
  • Market is a "buyer's" market
  • First time home buyer discounts


2022 year-end is perfect for first-time home buyers! With mortgage interest rates dropped and housing prices stable. Negotiations are even leaning in favor of the buyer - it really is an ideal time to take that big step and purchase some real estate before 2023 comes around!



Ultimately deciding whether or not to buy now or wait until 2023 comes down to personal preference and financial situation. If mortgages rates remain relatively low and you can find an affordable home that fits all your needs today – then buying now might make sense for you financially speaking since it will give you more time to build equity in your new home before selling it down the line. On the other hand, if mortgage rates do go up between now and then (and prices remain relatively steady) – then waiting until 2023 might make better financial sense since interest rates would likely be lower by then anyway thus resulting in smaller monthly payments overall over time due to having a lower rate applied during repayment periods. Ultimately, it's important to weigh all these factors together so that whatever decision best fits into both your long-term goals AND budget is made!


Unsure about entering the real estate market in Clemson, SC? Get your questions answered and get up to speed with a free consultation from JW Martin Real Estate Agency. Plus, grab their exclusive report for an inside look at all the current goings-on in town!

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