π Good News for Homebuyers This Fall
If you paused your home search earlier this year, hereβs some encouraging news:
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Mortgage rates have eased β down from ~7% in May to about 6.3% today, saving nearly $190/month on a $400K loan.
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Home price growth is cooling β gains are now in the low single digits nationally, with some markets even dipping.
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Wages are rising faster than prices β up roughly 4% year-over-year, helping buyers keep pace.
The result? The typical monthly payment is about $290 lower than just a few months ago.
π This shift makes fall a better time to buy than weβve seen in months. Letβs run your numbers and see whatβs possible.
Source: Keeping Current Matters