Is Now a Good Time to Buy?

If you have been scrolling through headlines or watching the news lately, you have likely seen conflicting advice. One expert says "wait for rates to drop," while another says "buy before prices jump."

It is enough to make any prospective buyer hesitate.

Waiting on the sidelines has a cost. As we settle into early 2026, the market has shifted away from the volatility of previous years into a period of stabilization. The question isn't just "Is it a good time to buy?"  The better question is, "Is it the right time for you to enter this specific market?"

Here is the honest truth about the 2026 housing landscape, based on data rather than hype.

1. The Interest Rate Reality: The "New Normal"

For the last few years, many buyers paused their search hoping for a return to 3% interest rates. The hard data suggests that those days are behind us.

In 2026, we are seeing rates stabilize. While we aren't at historic lows, we are also avoiding the drastic spikes that killed affordability in the past.

• The Strategy: Don't try to time the absolute bottom. History shows that when rates drop significantly, buyer demand floods the market, creating bidding wars that drive home prices up.

• The Takeaway: It is often cheaper to buy now at a slightly higher rate and refinance later than to pay 10% more for the home price next year amidst a buying frenzy.

2. Inventory: Where are all the houses?

Inventory is the biggest story of 2026. While the "lock-in effect" (homeowners staying put to keep their low rates) is still real, we are seeing inventory loosen up in two key areas:

• New Construction: Builders are aggressively filling the supply gap, offering incentives and rate buy-downs that resale sellers often can't match.

• Life Events: People are moving again because they have to due to jobs, marriages, and growing families.  The "Silver Tsunami" of downsizing is also beginning to bring more quality inventory to market.  

This means you have options, but the best homes still move fast.

3. Price Forecasts: The Crash That Never Came

If you were waiting for a crash to scoop up a deal, you likely missed out on significant equity growth.

• Most economic forecasts for 2026 predict slow, steady appreciation.

• We are seeing a return to normal seasonality.

The Cost of Waiting: If home values appreciate at a conservative 4-5% this year, waiting 12 months could cost you tens of thousands of dollars in purchase price, not to mention the principal pay down you missed out on.

4. Local Spotlight: The Arizona Advantage

Real estate is hyper-local. While national headlines talk about averages, our local market tells a different story.

• Migration Trends: Arizona continues to be a top destination for relocation, ranking as the #7 growth state. People are moving here for lifestyle and tax benefits, which keeps our floor regarding home values very high.

• Supply & Demand: In desirable neighborhoods, demand is outpacing supply. The competition isn't just local; it's coming from California, Chicago, and the Northeast.

The Bottom Line

So, is now a good time to buy?

Yes, if you plan to hold. Real estate is not a day trade; it’s a long-term wealth vehicle. If you are financially stable, have a long-term horizon (5+ years), and want to start building equity rather than paying your landlord's mortgage, 2026 presents a window of opportunity before the next wave of demand hits.

Your Next Step: Don't navigate this alone. Strategy matters more than ever. Whether you are looking for a new build with builder incentives or a resale property with potential, let's run the specific numbers for your situation.