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People who bought homes before pandemic are lucky enough and got combination of Low home prices and Low Interest rates refinancing options during the pandemic. - Ipudu unna situations lo Higher home prices and Higher interest rates (~7%) ki.. Home sellers/builders are still expecting high pandemic prices no matter the interest rates. - Unfortunately, people who buy this year with such higher Interest rates will be at higher financial risk! - Do not fall into trap for Bidding in the current market! - Realtors will always keep pressure on home buyers to submit offers. - Always calculate the monthly payment and your take home salary after taxes. Typically, the monthly home payment must be less than 30% of your take home pay. I bet this works out perfectly for people who bought at right price. - Real Estate is all about LOCATION LOCATION LOCATION. Focus on finding a home in a good area which has good access to Restaurants, Groceries, Work location if applicable. - If buying a pre-owned home, do the full inspection and find out if any repairs are required. Do not give blind offers. - If you have kids/plan to have kids.. look at school ratings on Great Schools or niche website. higher school ratings will always attract buyers. - More importantly, If the home current price is more than Double the home value before 2020. Do NOT buy because there is good chances for correction and you end up in life long wait to build that equity on home.