Sounds like you could take advantage of falling prices. Don't know what the bottom of the market adjustment will be if interest rates continue to rise but I kind of proved with math how if interest rates hit X level the prices have to drop to Y in order for the monthly payments to even out. Maybe try for 3-4 months after rates hit 6, which if the fed pushes another 5 hikes this year should happen by November so your target window is Feb-Mar 2023 plus or minus two weeks.
The real head's up is check to see what the government is doing with taxes, that could dry the market up real quick if you're not careful.
And absolutely don't rely on me for financial advice.
Yeah, that is true. A rate hike drops housing prices, but this is a weird time to be an American. As far as taxes go, I am looking to buy a mid-sized condo in a suburb of like a 2nd tier city. It is something to consider, but not an immediate concern.
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