Is Now the Right Time to Buy in San Jose? Here’s What I Tell My Clients

One of the biggest questions I get from buyers in San Jose is: “Should I buy now or wait?” The answer isn’t the same for everyone, but here’s what I tell my clients based on the local market.

1. What’s Your Long-Term Plan?

If you’re buying a home to live in for at least 5-7 years, timing the market perfectly isn’t as important as buying when it makes sense for you financially. Over time, real estate has consistently appreciated, making homeownership a strong long-term investment.

2. Are You Financially Ready?

Interest rates and home prices fluctuate, but your personal financial situation matters most. Ask yourself:

✅ Do I have stable income?

✅ Is my credit score in good shape?

✅ Do I have enough savings for a down payment and emergency fund?

If you’re in a solid financial position, waiting for the “perfect” market conditions could mean missing out on home equity growth.

3. Interest Rates Matter—But So Does Your Budget

Yes, mortgage rates have fluctuated, but waiting for them to drop isn’t always the best strategy. If rates go down in the future, you can refinance. If they go up, today’s rates will look like a bargain. The key is making sure your monthly payment fits your financial comfort zone.

4. Are You Renting? Let’s Do the Math

Rent prices in San Jose and the Bay Area remain high, and in many cases, buying can be more cost-effective over time. Instead of paying someone else’s mortgage, homeownership allows you to build equity in one of the strongest real estate markets in the country.

5. The Right Time to Buy Is When You’re Ready

If you’re financially prepared—meaning you have a stable income, good credit, and a reasonable down payment—then waiting might not be necessary. The longer you wait, the more home prices may rise, and you could miss out on potential appreciation.

Bottom Line

There’s no perfect time to buy, but there is a right time for you. If you’re considering buying in San Jose, let’s talk about your goals and see if it makes sense to start looking now.