I take the approach that if the house is for living in, and you're not a contractor or in the business of improving and flipping properties, you shouldn't try t

I take the approach that if the house is for living in, and you're not a contractor or in the business of improving and flipping properties, you shouldn't try to time the housing market. Whatever happens this year, it's going to look like a good decision in 10 years if you can make the payments. Rates are still pretty low, historically and as someone else said, if they drop, you can refinance You don't buy a house because the price is going to go up. You should look at it as a lifelong investment. The wisest and wealthiest people I know live by one iron rule: You never sell real estate. If you do make the decision to buy, though, come in as low as possible, lower than you think the seller would take, lower than your agent thinks, and see what happens. The market is softening and you want to get as much value as possible.