Over the past week, I’ve spent a considerable amount of time diving deep into the real estate market. I’ve always found real estate fascinating—not only because it’s such a core part of our economy, but because it’s a space where smart, informed decisions can make or break financial futures.
As part of this latest round of research, I’ve spoken to regional real estate professionals, reviewed data on upcoming loan resets (including ALT-A, Option ARMs, and commercial mortgages), and even visited a few major markets outside my area to get a more complete picture.
Here’s where I currently stand. Based on what I’ve learned and where I believe the market is headed, these are the moves I would and wouldn’t make when it comes to real estate right now.
(Quick context: I sold my last property in January 2007 and am currently renting.)
Things I Would Do
- 1. If You Don’t Own Property Yet—Keep Renting (For Now)
We’re still in a market correction phase. If you’re renting and can afford your rent, staying put may be the smartest move in the short to medium term. Buying now—especially in overpriced markets—could expose you to more downside. - 2. Negotiate a Longer Lease for a Lower Monthly Rent
Landlords value long-term, reliable tenants. If you’re on a 7- or 12-month lease, consider offering to sign a 15–18-month lease in exchange for a 10–15% rent reduction. Many landlords would rather lock in stability than chase higher short-term profits. - 3. Wait to Buy—Deals Will Get Better
If you’re looking to buy, I’d personally wait another 12 to 18 months. Real estate corrections unfold in waves, not weeks. Because of the illiquid nature of the housing market, price declines happen slowly. I believe we’ll see more distressed inventory and motivated sellers over the next couple of years. - 4. Renegotiate If You Can’t Afford Your Mortgage
If you own a home that’s becoming unaffordable, don’t wait until you’re in default. Set an in-person appointment with your lender and bring all relevant documents—proof of income, bills, obligations. Make your case honestly. Many banks would rather restructure your loan than foreclose.
Things I Wouldn’t Do
- 1. Don’t Stay in an Overvalued Home Hoping for a Rebound
If your home is severely overvalued and the monthly payment is unsustainable, don’t sit idle and hope for a market rebound. As of now, the general trajectory of home values is downward, and it may take years before prices recover to recent peaks. - 2. Don’t Walk Away Without Talking to Your Bank First
It might be tempting to join the trend of “strategic default,” but abandoning your mortgage without attempting to renegotiate could hurt you down the line. Future laws could hold homeowners accountable, and walking away without trying to restructure may limit your options. - 3. Don’t Dwell on Mistakes—Learn From Them
Many people are beating themselves up for overpaying during the real estate boom. If that’s you, try to shift your mindset. Acknowledge the lessons—maybe it was spending more than 30–40% of your income on housing—and focus on making smarter decisions moving forward. Blame doesn’t solve anything. Learning does.
My Take on the Market
In my view, the real estate market will continue to correct over the next 3 to 5 years. Loan resets, tighter credit conditions, and shifts in consumer demand will likely keep pressure on prices. That said, I don’t believe in fear-based decision-making. I believe in informed, intentional action.
If you’re considering your next move whether it’s buying, selling, renegotiating, or simply waiting it helps to have a framework for thinking through the pros and cons.
Let’s Talk
These are just my personal views based on research, conversations, and real-world experience. What’s your situation? Are you planning to buy or sell soon? Are you navigating mortgage challenges? I’d love to hear what strategies you’re using and what you’re seeing in your market.
Let’s keep the conversation going—and make smart moves together.