{"id":21199,"date":"2024-07-24T00:29:35","date_gmt":"2024-07-24T06:29:35","guid":{"rendered":"https:\/\/woodriverweekly.com\/?p=21199"},"modified":"2024-07-22T15:32:55","modified_gmt":"2024-07-22T21:32:55","slug":"focus-on-time-in-the-market-not-timing-the-market","status":"publish","type":"post","link":"https:\/\/woodriverweekly.com\/index.php\/2024\/07\/24\/focus-on-time-in-the-market-not-timing-the-market\/","title":{"rendered":"Focus on Time in the Market, Not Timing the Market"},"content":{"rendered":"

BY ANNA & MICHELLE<\/p>\n

Should you\u00a0buy a home\u00a0now or should you\u00a0wait? That\u2019s a big question on many people\u2019s minds today.\u00a0And while what timing is right for you will depend on a lot of other\u00a0personal factors, here\u2019s something you may not have considered.<\/p>\n

If you\u2019re\u00a0able to buy\u00a0at today\u2019s rates and prices, it may be better to focus on time in the market, rather than timing the market.<\/b><\/p>\n

The Downside of Trying To Time the Market
\n<\/b>Trying to time the market isn\u2019t a good strategy because things can change. Here\u2019s an example. For the better part of this year, projections have said mortgage rates will come down. And while\u00a0experts agree\u00a0that\u2019s still what\u2019s ahead, shifts in various market and economic factors have pushed back the timing of when that\u2019ll happen. Here\u2019s how that\u2019s impacted homebuyers who\u2019ve been sitting on the sidelines. As\u00a0U.S. News\u00a0says:<\/p>\n

\u201cThose who put off buying a home during the past few years as they were holding out for lower mortgage rates have been left out of the market\u2026<\/i><\/b> mortgage rates\u00a0have stayed higher for longer than\u00a0previously expected, keeping monthly housing payments elevated. In other words,\u00a0<\/i>affordability didn\u2019t improve for those who chose to wait.\u201d<\/i><\/b><\/p>\n

This is why timing the market may not pay off if you\u2019re ready and able to\u00a0buy now.<\/p>\n

The Proof Is in the Pudding: How Homeowners Benefit from Rising Home Prices
\n<\/b>Delaying your plans also means missing out on the equity you\u2019d gain if you went ahead with your purchase today. And the potential\u00a0equity gains\u00a0that are at stake may surprise you.<\/p>\n

Each quarter,\u00a0Fannie Mae\u00a0releases the\u00a0Home Price Expectations Survey. It asks over one hundred economists, real estate experts, and investment and market strategists what they forecast for home prices over the next five years. In the latest release, experts are projecting\u00a0home prices\u00a0will continue to rise through at least 2028 (see the graph below):<\/p>\n

\"\"<\/p>\n

To give these numbers context, let\u2019s take a look at a breakdown of what you stand to gain once you buy. The graph below uses a typical home\u2019s value to show how a home could appreciate over the next few years using those HPES projections:<\/p>\n

\"\"<\/p>\n

In this example, let\u2019s say you went ahead and bought a $400,000 home at the beginning of this year. Based on the expert forecasts from the HPES, you could gain more than $83,000 in household wealth over the next five years. That\u2019s not a small number.<\/p>\n

This data helps paint the picture of why time in the market really matters.<\/p>\n

The Advice You Need To Hear If You\u2019re Ready and Able To Buy Now
\n<\/b>Right now, you may be focused on what\u2019s happening with\u00a0mortgage rates\u00a0and how those impact your\u00a0monthly payment, but don\u2019t forget to factor in\u00a0home prices.<\/p>\n

Prices are expected to continue climbing, just at a more moderate pace. And while a moderate rise in prices may not be fun for you now, once you\u00a0own a home, that growth will be a huge perk. That\u2019s the time in the market piece.<\/p>\n

Sure, you could try timing the market, but the equity you\u2019ll be missing out on in the meantime is something to seriously consider. If you\u2019re ready and able to buy now, you have to decide: is it really worth waiting?<\/p>\n

Rather than focusing on timing the market. It\u2019s better to have time in the market.
\n<\/b>As\u00a0U.S. News Real Estate\u00a0sums up:<\/p>\n

\u201cThere\u2019s never a one-size-fits-all answer to whether now is the right time to buy a home\u2026 There\u2019s also no way to predict precisely what the market will do in the near future\u2026 <\/i>Perfectly timing the market shouldn\u2019t be the goal. This decision should be determined by your personal needs, financial means and the time you have to find the right home.\u201d\u00a0<\/i><\/b><\/p>\n

Bottom Line<\/b><\/p>\n

If you\u2019re debating whether to buy now or wait, remember it\u2019s time in the market, not timing the market. And if you want to get the ball rolling and set yourself up for those big equity gains, let\u2019s connect to make it happen.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

BY ANNA & MICHELLE Should you\u00a0buy a home\u00a0now or should you\u00a0wait? That\u2019s a big question on many people\u2019s minds today.\u00a0And while what timing is right for you will depend on a lot of other\u00a0personal factors, here\u2019s something you may not have considered. If you\u2019re\u00a0able to buy\u00a0at today\u2019s rates and prices, it may be better to […]<\/p>\n","protected":false},"author":1,"featured_media":21200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","_pvb_checkbox_block_on_post":false,"footnotes":""},"categories":[64,82,38],"tags":[],"class_list":{"0":"post-21199","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-better-homeowners-news","8":"category-housing","9":"category-sponsored"},"_links":{"self":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/21199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/comments?post=21199"}],"version-history":[{"count":1,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/21199\/revisions"}],"predecessor-version":[{"id":21203,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/21199\/revisions\/21203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media\/21200"}],"wp:attachment":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media?parent=21199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/categories?post=21199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/tags?post=21199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}