Should I buy a house now or wait for the housing market to cool in 2025?

Deciding whether to buy a house now or wait for the market to cool in 2025 depends on personal and market factors. If your finances are stable, you have a secure job, and you plan to stay in the home long-term, buying now could make sense, especially if renting is expensive in your area. You may also benefit from locking in a fixed-rate mortgage despite higher rates, which could offer more stability than rising rent. However, if you’re concerned about current mortgage rates and believe they may drop in 2025, waiting could allow you to secure a lower rate and reduce monthly payments. Additionally, if you think home prices will soften as the market cools or if you need more time to build your savings for a larger down payment, waiting might be the better option. Ultimately, it comes down to your readiness for homeownership, financial situation, and your comfort with the risks of the current market.