Mortgage Rates are predicted to continue to rise. This impacts your purchasing power. I have heard people saying "I'll wait until home prices come down." Don't confuse a slowing in rate of appreciation and actual depreciation. The only depreciation we've had was during the Great Recession. https://www.marketwatch.com/story/mortgage-rates-surpassed-4-5-heres-what-home-buyers-need-to-know-11648735667?mod=real-estate-personal-finance