The U.S. economy entered 2026 with mixed signals. Growth hit 2.2% in 2025, and unemployment stayed low at 4.3%, but activity has slowed. Consumer spending is steady, yet high interest rates, shifting trade policies, and a softer labor market are causing uncertainty. Some sectors, like housing, still face challenges, while others are starting to recover. Many people are asking: Is now the right time for a big purchase?

Many people put off buying new houses in recent years. With high-interest rates and short supply, it didn’t make sense for most to splurge on a big purchase. Many people were also dealing with unemployment, shortened hours, and more significant expenses all around post-pandemic. As some areas of the economy stabilize, it could be time to start buying again. But making a big purchase is about what is right for you and your financial situation.

Cars

Cars have been in short supply for several years. Supply chain issues and high-
interest rates have made prices soar for new and used cars alike. Supply is starting to exceed
demand, but things haven’t cooled off entirely yet. If you absolutely need a new car, start
looking now! It is better than it has been over the past few years. But if you can wait, things are
only improving and should be cheaper by the end of the year.

Houses

A house is a big commitment and often the biggest purchase of one’s life. So no matter the
economic situation, this is not to be taken lightly. Interest rates remain high, and the market is
constantly fluctuating. But ultimately, buying a house depends more on your financial situation
and life goals. If you are financially ready to own a home, start looking. Get your budget and
credit score in order, and you will figure out what works best within your buying market. If you
still need to figure these out, sit down to thoroughly budget your financial goals.

The Bottom Line

You should only consider making a large purchase if you are financially ready to. Not just if it is
a good time for deals. If you postponed buying in recent years, now is a good time to reassess your goals and plan. If you’re just starting to think about it, focus on saving and preparing your finances. Getting prepared sooner is always better than not at all. Talk with your financial advisor today to see if this is the right step for you and your finances.