After nearly three years of high home prices and rising mortgage rates, we’re finally seeing signs that the housing market might be warming up. Here’s what’s happening:
✨ Buyers Are Adjusting: Homebuyers are getting used to mortgage rates between 6% and 7%, and sales are picking up across the country.
✨ Momentum Is Building: Pending home sales (contracts signed before closing) rose in November, showing increased interest from buyers.
✨ Prices Are Steady: The median home price is now $406,100, up nearly 5% from last year.
✨ Consumer Sentiment Is Improving: More people are feeling hopeful about buying a home, with attitudes shifting as the market evolves.
👉 So, What’s the Takeaway?
The market is shifting, but whether you’re buying or selling, there’s plenty of opportunity to make the most of it.
💬 Contact us for more information and guidance to help you navigate this evolving market!
This is not a commitment to lend. Loan approval is subject to credit approval and program guidelines. Terms, conditions, and restrictions apply. Programs and guidelines are subject to change without notice. Please contact us for more details.
