The past year has been challenging for homebuyers, with many putting their search on hold due to various obstacles. According to a Bright MLS study, the top reasons for pausing home searches in late 2023 and early 2024 included the inability to find homes within budget, unsuccessful offers, and difficulty competing. If these reasons resonate […]
Mortgage Rates and Home Affordability: Mortgage Rates Dropped
Mortgage rates have been on a rollercoaster, veering close to 7% in a series of fluctuations that mirror economic shifts. As we are all aware mortgage rates and home affordability go hand in hand. According to Bankrate’s national survey, these rates descended slightly this week, marking a potential turn in a trajectory that recently hit […]