This spring, the tide is starting to turn. More sellers are listing their homes instead of waiting for rates to drop, pushing inventory up nearly 20% from last year (according to NAR).
Buyers are also gaining leverage - 44% of home deals early this year included seller concessions, according to Redfin. That is money that can be used to help cover closing costs, or possibly help get a shorter term lower rate with something like a temporary rate buydown (ask me what it is for more information).
And with economic uncertainty and tariff drama keeping some buyers on the sidelines, there’s less competition for those still in the game... at least for now.
If you've been thinking of buying a house, this might be the time to make it happen, and I'd love to discuss it with you. If you already own but want to see about consolidating some debt or if you bought when rates were higher, let's talk.
