"But Darren, I will be buying at the top of the market.  Isn't that the worst time to buy?"

I have to say, this can be a scary time to be a buyer.  Super low inventory, mixed with prices skyrocketing lead to at least anxiety.  Sometimes worse!  I do actually have some clients deciding to wait it out for a year and sign another lease.

Here's my top 5 reasons not to do that, and why.

1. Without getting into too many weeds, simply put-the mortgage interest rates are very very low at the moment.  And, not expected to go up much over the next 6 months or so.  You can lock in a 30 year mortgage for 3.5% or maybe less.  With inflation expected to kick up, it makes sense to borrow for the longterm.  
2. You are building equity.  A couple of ways-as housing prices go up, so does your home value.  Also, the money you spend every month goes towards paying YOUR mortgage off, NOT your landlord's.
3. Tax incentives, especially if it's your homestead.  Mortgage interest is deductible too!
4. Part of a community.  You buy and you are automatically a long term neighbor.  
5. Able to make the house your HOME!  Remodel, Refresh, Repaint. 

There are quite a few things that make homeownership attractive, especially these days.  Please, call and we can chat about it further!