Let’s take a trip back in time—1971, to be exact.
The Beatles had just broken up, disco was getting ready to take over, and the average mortgage rate? A whopping 7.33%. 😲
Now, at first glance, that rate might feel surprisingly familiar if you’ve been watching today’s market. But here’s the kicker: back then, many potential buyers hesitated. “Rates are too high,” they said. “Let’s wait it out.”
Spoiler alert: they waited until 1993 before rates came down again.
But by then? Home prices had quadrupled.
Yes, QUADRUPLED. That cute $50,000 house in ’71? It was now well over $200,000.
🧠 The Takeaway: Timing the Market vs. Time In the Market
It’s human nature to want to “wait for the perfect moment.” But in real estate, that perfect moment is usually more obvious in hindsight. Waiting for rates to drop may feel safe—but history shows it can cost you much more in missed equity, appreciation, and opportunity.
Here's the truth:
You don’t build wealth by waiting.
You build wealth by getting in, holding on, and letting time do the heavy lifting.
📲 Ready to Stop Watching and Start Building Wealth?
Every decade has its trends—some we laugh at (looking at you, lava lamps), and some we wish we’d jumped on sooner (like buying real estate in the 70s). Don’t let today’s opportunity become tomorrow’s “I should’ve…”
📞 Let’s have a quick chat about your goals.
Whether you're buying your first home, upgrading, or investing—we’ll build a plan that works with today’s rates and for your long-term wealth.
Because time will pass either way. The question is—will you be building equity while it does?
The Jenkins Group – Helping You Buy Smart, Sell Bold, and Build Wealth.
