Don't Wait on 2027 Rate Cuts, Ryan Serhant Warns

Ryan Serhant, the New York broker and star of Owning Manhattan, is telling would-be homebuyers not to count on cheaper mortgages as their way in. His warning targets a common assumption: that if borrowing costs fall in 2027, buying a home will suddenly become simpler.

The concern is that the math is not so straightforward. When mortgage rates ease, more people tend to start shopping at the same time, and the competition for available homes can push prices back up. Any savings on the monthly payment may end up absorbed by a higher purchase price, leaving the buyer little better off than before. Serhant's point, as reported, is that a lower rate does not automatically mean more affordable homes.

For buyers, the practical takeaway is to stop treating the rate forecast as the deciding factor. A purchase should make sense on your own budget, how long you plan to stay, and what you can afford now, rather than on a hope that conditions will improve by a certain date. Waiting carries its own risks, including the chance that prices move in the meantime.

Serhant's remarks also point to specific markets worth watching. The summary of his comments does not name them, so readers who want that list should consult the full interview for the neighborhoods and areas he highlights.