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"It's very clear that when it comes to maximizing gains from an investment in real estate, timing really does matter a great deal," says Zillow Chief Economist Dr. Stan Humphries. "However, timing isn't everything, and trying to time the market perfectly is incredibly difficult, even for professionals.
"There are any number of factors to consider when purchasing a home, only one of which is the potential for financial gain," Humphries adds. "Potential buyers should always place their personal needs and their family's needs first, and make the decision to buy only when they are ready to make a significant investment of both their time and money. Just because the math might say to buy or rent in a given area, personal preferences and situations vary greatly, and there is no one answer that is right for everybody."
Source: Zillow
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