Updated September 2026

If buying a home is on your radar, you may be asking yourself:
Should I buy a home now or wait until 2027?

It is a reasonable question. Mortgage rates, home prices, and affordability have changed significantly over the past several years. As we look ahead to 2027, many buyers are wondering whether waiting could lead to lower rates, lower home prices, or better buying opportunities.

The reality is that no one can perfectly predict the housing market. However, current housing data can help you better understand today’s market and decide what may make sense for your individual circumstances.

What Are Mortgage Rates Doing?

Mortgage rates remain one of the biggest considerations for today’s homebuyers.

According to Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage was 6.76% as of September 10, 2026. The average 15-year fixed-rate mortgage was 6.09%.

These figures are national averages and do not represent the rate available to every borrower. Your individual mortgage rate can depend on factors such as your credit profile, loan program, down payment, property type, loan amount, and other qualifications.

Mortgage rates can also change frequently, which makes trying to perfectly time the market difficult.

Are More Homes Available for Buyers?

One potentially encouraging trend for buyers is increased housing inventory.

According to the National Association of REALTORS®, approximately 1.62 million existing homes were available for sale nationwide in August 2026. That represented a 5.9% increase from August 2025.

The supply of unsold existing homes reached approximately 4.9 months.

More inventory can give buyers additional choices and, depending on the local market, potentially more time to evaluate properties and negotiate.

However, real estate conditions vary significantly by city, neighborhood, and price range. National housing trends should always be considered alongside local market conditions.

Will Home Prices Go Down in 2027?

This is another major question for prospective buyers deciding whether they should purchase now or wait.

The National Association of REALTORS® reported that the median existing-home sales price nationwide was $429,100 in August 2026, approximately 1.6% higher than one year earlier.

Meanwhile, Fannie Mae’s Q3 2026 Home Price Expectations Survey gathered forecasts from more than 100 housing experts. The panel’s average expectation called for approximately 2.5% national home-price growth in 2026 and 2.2% growth in 2027.

These figures are forecasts, not guarantees. Actual home-price performance can vary considerably depending on the location, property type, and broader economic conditions.

Should You Buy Now or Wait Until 2027?

The right answer depends more on your personal finances, goals, and timeline than on trying to predict exactly what the housing market will do next.

What’s Happening in Florida’s Housing Market?

Florida buyers have another factor to consider because the state’s housing market does not always follow national trends.

Florida Realtors reported renewed buyer activity in July 2026, including increases in both single-family and condo and townhouse sales.

Florida Realtors also reported approximately a 7.8-month supply of condos and townhouses. This difference demonstrates why buyers should consider not only the location they are purchasing in, but also the type of property they are considering.

Look Beyond the Mortgage Rate

It can be tempting to focus entirely on mortgage rates when deciding when to buy a home. Your interest rate matters, but it is only one part of your total housing expense.

Buyers should also consider their down payment, closing costs, emergency savings, maintenance expenses, and other costs associated with homeownership.

Understanding the complete financial picture can be much more useful than simply waiting for a particular mortgage rate to appear in the headlines.

Start the Conversation Before You Start Shopping

Speaking with a mortgage professional before you begin seriously shopping for homes can help you better understand your financial position, potential loan options, and estimated homebuying budget.

Starting early may also give you additional time to address potential obstacles before you are ready to make an offer.

At Trident Home Loans, our mortgage professionals can help you understand the financing process and explore mortgage options based on your individual circumstances and homeownership goals.

Whether you are considering purchasing before the end of 2026 or preparing for a move in 2027, having the right information can help you make a more informed decision.

Sources

• 
  Freddie Mac Primary Mortgage Market Survey
  
• 
  National Association of REALTORS® Existing-Home Sales
  
• 
  Fannie Mae Home Price Expectations Survey
  
• 
  Florida Realtors® Housing Statistics