The latest housing trends are showing signs of opportunity for both buyers and sellers as we approach the new year. Here’s what you need to know:
1. Mortgage Rates Are Trending Down
- Mortgage rates have dropped to 6.6%, offering relief for homebuyers.
- Buyer sentiment is the strongest in four months, with 45% expecting mortgage rates to fall further—a record high.
- Why It Matters: Improving affordability will attract more buyers into the market, increasing competition for available homes.
2. Sellers Are Returning to the Market
- New listings are gradually increasing, providing buyers with more options after months of tight inventory.
- Sellers are meeting the market by moderating their asking prices, which is helping homes sell faster and encouraging more transactions.
3. A Balanced Market Is Taking Shape
- For sellers: Improved buyer sentiment and lower mortgage rates create a prime opportunity to list your home.
- For buyers: This is a great time to re-enter the market as more options become available and affordability improves.
What This Means for You
- Home Sellers
- Act Now: Improving mortgage rates and rising buyer confidence present an ideal window to list your home.
- Price to Move: Moderating your asking price to meet market conditions can help you stand out and attract motivated buyers.
- Act Now: Improving mortgage rates and rising buyer confidence present an ideal window to list your home.
- Home Buyers
- Don’t wait. With improving market conditions and competitive mortgage rates, now is the perfect time to explore homeownership opportunities. Take advantage of VA and FHA loan programs for more affordable and accessible financing options.
If you’re considering buying or selling, let’s connect to discuss your options and make the most of today’s housing market opportunities.
