Mortgage rates high but steady – Currently around 6.7–6.9% and expected to ease slightly by year-end, giving buyers more stability when planning purchases.
Inventory rising, prices cooling – Supply has grown to its highest post-pandemic level, offering buyers more choices and slowing home price growth significantly.
Homeownership costs increasing – Property taxes and insurance premiums continue to climb, adding financial pressure beyond mortgage payments for current and future owners.
Sellers more flexible – A growing share of listings are seeing price reductions, creating stronger negotiation opportunities for buyers in today’s market.
Leave a Reply