Waiting until fall won’t make homes more affordable, but here’s what will

As someone who’s spent over two decades helping buyers and investors navigate the ins and outs of Lake, McHenry, and Cook Counties (and southern Wisconsin), I’ve seen firsthand how market shifts impact real people. Right now, the income needed to buy a median-priced home in the U.S. has climbed to over $120,000—almost double what it was not long ago. With mortgage rates hovering around 6.5% and home prices still edging up, waiting until fall won’t bring those prices down. Typical down payments are sitting between 6-9%, though there are solid low or zero-down options if you know where to look. The real difference comes down to preparation—taking the time to get your finances and plans in order. That’s how you put yourself in the best position to find the right property, whether you’re searching for a home or an investment. In this market, being proactive makes all the difference.