Inventory of homes are increasing in our area, we are seeing a lot of price reductions, sellers coming off prices and sellers making concessions. Great time to buy your dream home!
I know rates are currently high but read this article in which Fannie Mae is predicting rates to drastically decrease next year! https://www.cnbc.com/2022/08/29/fannie-mae-says-fixed-mortgage-rates-could-fall-to-4point5percent-next-year.html
In summary, it is a great time to find your dream home at a good price with sellers being negotiable and look into temporary rate options and refinance at a later date when rates come down.
