📊 Should You Buy Now or Wait? Here’s What Hampton Roads Buyers Are Doing

With all the headlines about interest rates, inventory, and home prices—it’s easy to feel stuck asking, “Should I buy now or wait?” Here at Virginia 1st Realty Group, we’re having this conversation with buyers every single day across Hampton Roads.

Here’s the truth: there’s no perfect time, but there is a smart time. And that might be right now.

Here’s why:

• Interest rates have stabilized and are no longer spiking week to week.

• Sellers are more flexible on terms—many are even offering closing cost help or rate buy-downs.

• Rent prices are still climbing, making owning the better long-term financial move.

• Spring inventory is growing, giving buyers more options and breathing room.

If you’re planning to live in your home for more than 2–3 years, buying now allows you to lock in your monthly cost and start building equity instead of paying rent. And remember, if rates go down, you can always refinance later.

At Virginia 1st Realty Group, we don’t just push you to buy—we help you decide if it’s the right time based on your life, budget, and goals. Honest advice, every time.

📍Stop by our office in Smithfield or call us at 757-371-7011 for a no-pressure strategy session. Let’s figure out what makes sense for you and your future.