|If that’s not a compelling argument, don’t forget the competition will only get stronger the longer you wait.
As Gen Zers start considering buying homes, that just means another wave of people to compete with houses for. And while home builders have seen some bright spots, they won’t solve all the supply issues that’ll come when buyers ramp back up.
Instead, more people are queuing to buy a finite amount of houses with every passing day. If you thought the bidding wars a couple of years ago were bad, imagine what it’ll be like with people flush with cash after being sidelined for the past year.
As someone who’s trying to buy their first home, I can’t tell you how maddening an experience it’s been. I’d like to think all this time on the sidelines gives me a chance to save more money to buy a better house, but then I realize that’s what everyone else is thinking.
So yes, the housing market may not be pretty right now, but maybe that’s a good thing.