Looking at the chart below from Knight Mortgage the best time to buy a house is when the Mortgage Payment to Income Ratio is between 15 and 20% if you followed that guideline you would have bought at great times in the market over the last 20 years. As mortgage rates rise now we are in a unique environment with sky rocketing demand in Florida and a lack of housing supply so that dictates that even with increased mortgage rates prices are not dropping drastically as of now we are seeing strong demand for housing and bidding wars on the properties we developed and are coming onto the market soon.