With interest rates dropping and mortgage applications rising, many are wondering if it’s the right time to buy a home. Although rates have decreased, home prices remain high due to limited inventory, which could prevent significant affordability relief. While lower rates will eventually make buying more attractive, it will likely take a few more cuts for homeownership to become truly affordable. For investors, now may be a great time to buy, as real estate values are expected to rise, especially if rates continue to drop, creating an opportunity for long-term gains.