Ryan Serhant, star of “Owning Manhattan,” cautions homebuyers against waiting for lower mortgage rates to make purchasing easier in 2027. He argues that delaying a home purchase in hopes of better financing conditions often backfires.
The real estate broker points to persistent housing inventory shortages as a key reason buyers should act sooner. Limited supply continues to push prices upward in many markets, offsetting potential savings from rate declines.
Serhant identifies several hot spots worth watching for prospective buyers. These markets show strong fundamentals, including job growth and steady demand, which support long-term value.
Buyers who wait for ideal rates risk losing ground as competition intensifies. More favorable financing may draw additional buyers into the market, driving prices higher and reducing negotiating power.
Serhant’s advice reflects broader uncertainty about mortgage rate forecasts. Economists remain divided on when and how much rates will fall, making timing the market a risky strategy for most buyers.
He encourages buyers to focus on affordability and long-term ownership goals rather than chasing rate predictions. A home purchased at a slightly higher rate can still build equity over time.
The “Owning Manhattan” star’s message is straightforward: waiting carries its own costs. Buyers should weigh current conditions against their personal financial readiness instead of speculating on future rate movements.
