Is Now Still a Good Time to Purchase a Second Home?

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With the rise in inflation, we saw a rapid surge in housing prices. Housing prices in October 2022 were over 38% higher than where they were at during the start of the pandemic. Since then, prices have started to revert but remain significantly elevated. In addition, mortgage rates are at the highest level in over 20 years, further increasing the price to purchase a home. So, you may wonder, is now a good time to buy a second house? If not, when?