QUICK ANSWER

If you’re financially ready, buy now — the market isn’t crashing and waiting may not save you much.

Housing analysts agree that 2026 will be a more balanced year for real estate. Mortgage rates are projected to hover in the low‑ to mid‑6% range【470683168660661†L104-L143】, and home prices in South Carolina are expected to rise modestly — about 2–3% in Columbia and slightly more in Greenville and coastal markets【888107909614546†L224-L236】. Inventory is improving, giving buyers more options and negotiating power【470683168660661†L104-L143】. That means timing the market for a drastic rate drop or price collapse is unlikely to pay off. Instead, base your decision on your personal finances, how long you plan to stay put and the availability of homes that fit your needs.

If you have a stable income, a solid emergency fund, manageable debt and plan to own the home for at least five years, buying sooner lets you start building equity immediately. If you need time to pay down debt or save for a stronger down payment, waiting can make sense. Below, we explore market forecasts and personal considerations to help you decide.