Amid high mortgage rates and home prices, potential buyers are debating whether to enter the market or wait for better conditions. Experts predict rates will remain elevated, prompting some buyers to act now rather than risk missing out on future price appreciation. Homebuyers like Bria Scott-Fleming are motivated by the desire to build equity instead of continuing to pay rent without ownership benefits. Many homeowners are ready to invest despite financial uncertainties, emphasizing the belief that immediate buying leads to future wealth accumulation.
"I thought about how much money I've given away to landlords or apartment complexes. It's so much money that I spent without building any type of equity."
"Time in the market is better than timing the market," reflecting the mindset of buyers eager to gain early equity despite high costs.
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