Mortgage rates at 7.5% have crushed demand — most households sitting on the sidelines. But that's precisely the opportunity: when everyone else has walked away, you've got negotiating power. Sellers are motivated, inventory sits longer, prices soften. Classic buyers' market dynamics.
The irony of real estate: people pile in when rates are low and prices are inflated, then vanish when rates spike and valuations compress. Buy when it hurts, not when it feels good. The math works better now than it did two years ago at 3% rates and peak prices.
If you can handle the payment and plan to hold long-term, this is when deals get done.
The irony of real estate: people pile in when rates are low and prices are inflated, then vanish when rates spike and valuations compress. Buy when it hurts, not when it feels good. The math works better now than it did two years ago at 3% rates and peak prices.
If you can handle the payment and plan to hold long-term, this is when deals get done.