Navigating today’s real estate market takes a thoughtful approach—especially as mortgage rates continue to hover above 7%. With the possibility of further moves by the Fed and rising Treasury yields affecting borrowing costs, affordability is naturally top of mind for many families I work with. I always encourage my clients to plan ahead: recent studies underscore the value of building in a rate cushion—anticipating a half-point change within three months, three-quarters by six months, and a full point by year’s end can help buyers feel more prepared and empowered.
Interestingly, those who purchase later in the year often find themselves with added leverage. Homes have typically been about 5% less expensive in early Q4 compared to late Q2, plus there’s usually less competition and more space for negotiation. With a five-month supply on the market last month, buyers enjoyed stronger bargaining power—not just on price, but also on closing costs, discount points, or arranging a temporary rate buydown.
For those still deciding when to make their move, it’s important to remember that while markets may be bracing for additional Fed tightening, the broader aim is to cool inflation—which, in time, could bring some relief to mortgage rates. My commitment is to guide you through each step, blending my Realtor expertise with life coaching skills, to ensure your home journey is both informed and meaningful.
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