Is your savings plan keeping up with the real estate market?
While saving a larger down payment is a great goal, it is important to watch how quickly prices are moving in your area. Sometimes, getting into the market with a smaller down payment is more beneficial than waiting and paying more for the same house later.
Timing the market is one of the hardest things to do in real estate.
The best time to buy is usually when you are financially ready and have found a home that fits your long-term goals. Instead of trying to predict the future, focus on what fits your budget today and how homeownership fits into your life plan.