Interest Rates: Rates are falling, but don’t expect 3% mortgages again unless we hit another crisis. By early 2025, 5% is the new normal.
Market Stability: The recent dip in prices? Just seasonality at work. No crash on the horizon.
Inflation Impact: With inflation cooling, more rate cuts are likely. If inflation jumps, expect mortgage rates to rise again.
Home Prices: Lower rates = more demand = prices edging upward.
Buying Tip: Forget market timing. If you plan to stay put for a few years, now’s a good time to buy. Make your move when the deal is right.