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It is an unfortunate truth at home: if you are looking to buy a house at the moment, experts say that this is not the best time. In fact, it is objectively quite terrible. Interest rates are at a 22 -year summit, which makes mortgage payments more expensive. In many areas, stocks are low, because the owners choose to cling to their properties and postpone the movement until the rates decrease. It is now 52% more expensive to buy a house than to rent, which runs the The Wall Street newspaper Declaring "there has never been a worst time to buy". But making this key purchase is not impossible. These are nine expert tips to buy a house in a less than Hospitalized era.

In a August 25 episode of the National Association of Real Estate Agents Real estate today The Podcast, Bill Armstrong, a real estate agent in Frederick, Maryland, suggested that current house buyers plan to obtain an adjustable mortgage. Because prices are decades, they are likely to drop over the next year.

Real estate professor at the University of Northern Texas John Baen, Ph.D, told CBS News This month, now is the perfect time to buy a house, because prices will only increase. But you must be ready to move quickly. "You must be quick, and you cannot sit down, because if the house is properly - less than $ 400,000 - it is sold in three or four days," he said.

Baen said that more buyers tend to be on the market in spring and summer, because families usually want to move home before the start of the school year. Lower competition in the cold months could work for your advantage.

Armstrong has suggested working with a real estate agent who is investing in real estate but is not actively looking for a new property. This means that they know the market well, but do not first consider offers for themselves.

"Mortgage rates vary from a lender to My San Antonio in May. "Your rate depends on a certain number of factors, such as the amount you plan to reduce, your credit scoring, your loan amount and the type of loan. Exploration of your options may even allow you to lock prices during A period for a period while you are looking for your home forever. "

"Given the price of a brand new house and where the mortgage rates are, the manufacturers try to relieve part of the burden of buyers and to sell by offering generous incentives," said Wilson. "They could provide a discount on the overall cost of the house, money to charge fence costs and can even buy your mortgage rate."

Sometimes the best time to buy a house is when you need it due to a change of life, not because of interest rates. "The housing market - like so many other markets - is almost impossible in time", Orphe Divounguy, senior macroeconomicist at Zillow Home ready, recently told Forbes . "The best time for potential buyers is when they find a house they love, which meets the current and predictable needs of their family and they can afford." AE0FCC31AE342FD3A1346EBB1F342FCB

Waiting for better days is not always possible - or productive. "Most often, it seems that the prices of houses generally continue to increase, so the goal posts to raise a deposit continue to move, and nothing guarantees that the conditions of tomorrow will be much better on the whole than that of 'Today, "said Divounguy. "Go up on the housing scale" will help you build equity and a net value, she added.

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It is a well -known saying in the world of domestic financing: you marry your home, but you date from the mortgage rate. Once the Fed reduces interest rates, the refinancing of your mortgage to a more favorable APR is an option as long as you have been consistent on your payments and you have kept your credit scoring in good shape.