Homebuyers today are looking for one thing above all else improved affordability. According to a recent Bank of America survey, buyers say lower home prices and mortgage rates would give them more confidence in making a move. The good news is the housing market is beginning to respond. Home prices, which skyrocketed in past years, are now moderating at a more sustainable pace, making it easier for buyers to plan and budget. At the same time, mortgage rates have eased from recent highs, creating new opportunities for qualified buyers to enter the market. While conditions still vary by location, these shifts in pricing and interest rates are helping restore balance and affordability in real estate. If you’re thinking about buying a home, now may be the right time to connect with a trusted local real estate agent who can guide you through the latest housing trends in your area.
