Guess what guys???!!! The market has been cooling down!!! Since the pandemic we have seen home prices soar near 30% or more compared to@prices in 2019, what we are seeing right now is home prices coming back down to those pre pandemic prices. This is great for many, but unfortunately rates are high so mortgages are still more expensive. What should you do you may ask? I always say if you can afford it, Marry the house and date the rate. Between 2020 and the first half of 2022, we were seeing over asking offers by hundreds of thousands, people paying the difference in appraised value, all because rates were low and people settling for simply any house that they could buy. In order to slow down inflation the FEDS increased the rates so the competition is low. What you can benefit from now is negotiating lower purchase price on homes, having sellers help pay for some closing costs and having way more options. Now with todays rates you may qualify for less or have a higher mortgage payment but the good thing is that your just dating the rate. We know that interest rates go up and down throughout the years. So in a few year, if not sooner, you can refinance your property into a lower rate and get your payment lower. Because we all know the moment rates began to drop, people start wanting to shop again which will in return cause home prices to go back up. So if you’ve been on the fence about buying a home, simply DM me the word home or post it in the comments!!!! Let’s marry your dream home 🙌🏼 #realtorlife #forsale #milliondollarlisting #sold #humpday #singerrealtygroup #forsale #buyersagent #sellersagent