Is Now a Good Time to Buy a House or Condo in 2026?

If you've been watching the market and wondering whether it's finally time to make a move, you're not alone. With interest rates reaching their lowest point in three years, many buyers are asking, “Should I buy now or wait?”

According to Erein Trawick of mypineapplemortgage.com/home, now is a great time to consider buying. Paired with expert real estate guidance from Erick at Sky Realty, buyers can take full advantage of early 2026 market conditions.

Interest Rates Have Finally Dropped

After several years of elevated rates, we’ve finally seen a positive shift. As of January 21, 2026, mortgage rates have dropped into the 5 percent range, making loans more affordable and monthly payments more manageable.

This gives buyers more purchasing power, especially those moving up or buying for the first time.

The Market Is Gaining Momentum

With rates falling, more buyers are jumping into the market. Demand is rising and competition is expected to pick up quickly this spring. However, there's still time to take advantage of a slightly slower pace, particularly in the condo market.

Many condos are still on the market longer than usual and often selling below asking price. This makes it a strong opportunity for buyers who act early.

Condo Buyers: Do Your Homework

Erick and Erein both agree that condos require more research upfront. Many older buildings may have pending repairs, deferred maintenance, or upcoming special assessments. These factors can affect whether the unit qualifies for a conventional loan, which usually offers the best rates.

To prepare, Erein recommends:

• Reviewing condo documents as early as possible

• Asking about current and future maintenance or assessments

• Confirming financing options with your lender

• Working closely with your agent to evaluate risk and fit

Get Fully Prepared With Conditional Approval

One of the smartest moves buyers can make right now is securing a conditional loan approval. Unlike basic pre-qualification, this involves submitting your documents to an underwriter in advance.

Erein explains that this level of preparation makes your offer stronger and helps avoid delays once you find the right property. Erick adds that in a warming market, being ready to act quickly can be the key to winning the home you want.

Final Thoughts

With interest rates at their most favorable point in years and the condo market still offering room to negotiate, early 2026 presents a solid buying window.

Work with professionals like Erick from Sky Realty and Erein Trawick from mypineapplemortgage.com/home to explore your options, run the numbers, and make your move with confidence.