Housing Inflation Had Its Lowest Uptick In March But Is Now The Worst Time To Buy A House?

Housing inflation is finally showing signs of easing, with the Consumer Price Index (CPI) for March posting a 4% year-over-year increase in housing costs, the slowest uptick since November 2021.

Yet, buyers still grapple with steep price tags and volatile mortgage rates. Despite this cooling trend, prospective homeowners need to decide whether they should leap into the market or sit tight, especially as the Federal Reserve's inflation fight continues.

Rates and Prices Are A Double-Edged Sword

Throughout 2024, mortgage rates soared past 8%, but they've since receded to an average of around 6.76%, per recent Bankrate data. Meanwhile, the National Association of Realtors (NAR) reports that February's median home price stood at $398,100, still historically high. While higher rates ...