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Question from the village idiot

Wouldn’t now be a pretty decent time to buy?

In my area prices have begun to fall with sellers incrementally reducing asking price on homes for weeks-months before sale.

I’m new to real estate, but wouldn’t it be good to lock in a relatively low price (with property taxes tied to that price)? Then refinance once rates fall back down? Assuming I can comfortably cover the high rates now, wouldn’t that be the best of both worlds?

submitted by /u/sweetawakening
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source https://www.reddit.com/r/RealEstate/comments/xs1vop/question_from_the_village_idiot/
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