Should you wait to buy a home in San Diego?

If you're a homebuyer sitting on the sidelines waiting for that perfect moment to jump back into the market, you got to watch this video. I get it. I mean, any drop in interest rate is going to boost your purchasing power and lower your monthly payment. While this opens up some opportunity, you shouldn't expect rates to come back down to the two or 3% that we saw during the pandemic. Instead, focus on finding that ideal home that you and your family are needing right now. With less competition in the market, you'll see sellers willing to negotiate on their list price and terms. And when interest rates come back down further, you can always refinance then. But you would have already secured your dream home for a better price.