: With "days on market" rising, sellers can no longer rely on 2021-style bidding wars. Those whose homes sit for over 30 days are increasingly finding they must offer price cuts—often around 7% to 10% —to attract cautious buyers.
: Many potential sellers are hesitant to trade their pandemic-era 3% mortgage rates for current rates hovering around 6% . However, those moving to be closer to family or for job changes are finding that their high existing equity makes these trades feasible. buy or sell home
: To clear inventory, many homebuilders are now offering mortgage rate buydowns , effectively lowering a buyer's interest rate by 1% to 2% below the market average. Buy or Sell First? : With "days on market" rising, sellers can
: For the first time since 2020, typical monthly mortgage payments are expected to decline as modest rate drops (toward 6% ) offset minimal price growth. However, those moving to be closer to family
: Selling first provides a definitive budget for a next home and puts the seller in a "strong buying position" for their subsequent purchase. The Story for Buyers: A Return to Rationality