Despite predictions of lower mortgage rates in 2024, that hasn't happened yet.
Mortgage rates topped 7% again at the start of May, and homebuyers and sellers may not see relief soon. But with lower expectations for the home selling season this summer, real estate agents say you can actually use that to your advantage right now.
Realtor: Bite the bullet and buy right now
Realtor Susan Huff of Huff Realty has been selling homes for 30 years to everyone from downsizing baby boomers to young couples just getting started. She knows 7% mortgage rates have put homes out of reach for many families.
Homebuyers are lowering their expectations, but that could be a good thing
Homebuyers are lowering their expectations, but that could be a good thing by WPTV is licensed under WPTV
Source:
WPTV News Channel 5 West Palm
