It’s the big question on everyone’s mind right now: Should I buy a house now or wait for rates to drop?
Look, we get it. The news is filled with talk about interest rates, inflation, and what the Fed might do next. But when it comes to your home-buying journey, the best decision isn’t about chasing the market. It’s about understanding where we are right now—and using it to your advantage.
At Ramon Espinoza Home Loans, we stay plugged in to the Arizona market every single day, and what we’re seeing tells us this: smart buyers are already making moves.
The Market Is Quiet—That’s Your Window
Right now, we’re about eight months into a buyer’s market, something we haven’t seen in over a decade here in Arizona.
Sellers are motivated, inventory is sitting longer, and buyers aren’t battling it out in bidding wars like they were just a year or two ago. That creates a rare opportunity.
Here’s what we’re seeing across Maricopa County and beyond:
- Sellers offering closing cost assistance (often 3%)
- Upgrades like new AC units or roofs to help the home sell
- Reduced prices and negotiable terms
- Homes sitting on the market for 60+ days, giving buyers time to breathe
These kinds of perks disappear fast when demand picks up.
Why Waiting Might Cost You
A lot of people are waiting for interest rates to drop—but here’s what happens when they do:
- More buyers jump in.
- Sellers stop offering concessions.
- Prices go up.
- You’re back to competing with 10 other buyers on the same house.
And let’s be real, trying to “time” the exact bottom of a market is nearly impossible. It’s like trying to catch the perfect wave. By the time you realize it’s the bottom, it’s already coming back up.
Right now, you have the power to negotiate, pick the home you really want, and possibly even buy with as little as 1% out of pocket by combining down payment assistance with seller-paid costs.
Rates Aren’t Forever—Refinance Later
Rates are temporary. The price you pay for a house? That’s locked in.
If you buy now, you can get in at today’s home prices without the competition. Then, when rates drop—because they will—you can refinance.
That means you’re not overpaying on the home, and when the rate goes down, you get to lower your payment and even skip a payment during the refinance process.
We’ve helped many clients do this, and it’s a smart long-term move.
Don’t Settle—Get the Home You Want
Buying in a hot market often means settling for whatever house you can win in a bidding war. That might mean old appliances, an outdated roof, or a layout that just doesn’t work for you.
Buying now means you can choose a home that actually fits your lifestyle—and get the financial help to afford it.
We always say: you want to buy when you set the price, not when someone else does.
The Bottom Line
If you’re waiting for perfect timing, you might miss the best opportunity. Right now, Arizona buyers are in a strong position to take advantage of a quiet market, seller incentives, and down payment support.
Don’t wait until the crowd rushes back in.
Let’s run your numbers, walk through your options, and find the right path forward—together.
Contact the REHL Team Clemente at: clemente@ramonespinozahomeloans.com or Ramon at ramon@ramonespinozahomeloans.com.
Se habla Español.
