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!
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