Thinking of waiting for the perfect moment to buy?

It’s a common belief, especially when the market seems uncertain. But in real estate, time is money, and waiting too long could cost you thousands more than necessary. Let’s explore why acting now might be your smartest move.

Home Prices Keep Rising

It’s not just rates. Home prices continue to trend upward both nationally and right here in Pennsylvania. If you're hoping to wait for prices to drop, you’re not alone. However, the reality is that home values have steadily increased year over year, and experts don’t expect this trend to stop anytime soon.

Why? It comes down to simple economics: limited housing supply and strong demand.
More people are looking to buy homes than there are available homes, especially in desirable communities like those Berks Homes builds. And when demand is high and supply is low, prices tend to rise.

Add to that:

• Rising construction costs (materials, labor, land)
• Growing populations in key Pennsylvania regions
• More millennials and Gen Z are entering the market

These long-term trends are driving consistent price increases, not dramatic spikes, but steady climbs that chip away at affordability with each passing month. So, while it may feel like a waiting game, time isn’t neutral; it’s working against buyers. Delaying could mean your budget stretches less, and the homes you’re looking at today might be out of reach tomorrow.

Let’s Talk Mortgage Rates

With experts forecasting continued volatility in 2025, locking in a rate now can provide peace of mind and significant savings.

Even a slight increase, say, just 1% can have a significant impact on your monthly payment. For example, on a $350,000 home, a 1% rate jump could add over $200 per month to your payment. That’s over $70,000 more across a 30-year mortgage.

Let’s break it down:

Buying today (August 2025):

• Home price: $350,000
• Mortgage rate: 6.5%
• Monthly payment: approx. $2,200

Buying 6 months from now (if rates rise to 7.5% and home prices increase 3%):

• Home price: $360,500
• Mortgage rate: 7.5%
• Monthly payment: approx. $2,520

That’s $320 more per month or $3,840 more per year.
Over the life of your mortgage, the difference could be tens of thousands of dollars.

The Power of Locking in Today’s Prices

Here’s the good news: At Berks Homes, we have savings programs that can help you lock in more value today.

• Hometown Heroes Savings
• Military Appreciation Savings
• Limited-Time Incentives that can be applied to
  • Rate buydown 
  • Price reductions on select quick move-in homes
  • Savings on closing costs
  • Savings on home options from our Selection Galleries 
• Homeowner Referral Program Rewards

These savings aren’t just nice to have; they can be the difference that makes buying now financially smarter than waiting.

Don’t Let the Market Leave You Behind

Waiting might feel like the safe choice, but it could cost you more than you think. If you’re ready to start the conversation to find or build your new home in Pennsylvania, reach out to the Berks Homes team today!  Please contact our Online Sales Consultants, Chastity & Kelly, today for more details of available homes and communities in Pennsylvania at 484.772.2693