What Buyers Say They Need Most (And How the Market’s Responding)

If you’ve been waiting for the right time to buy, you’re not alone.
A recent Bank of America survey found that most would-be buyers are holding out for one thing — better affordability. That means lower home prices and mortgage rates.

The good news? Both of those are finally starting to shift in your favor. Let’s break it down. 👇

🏡 Home Prices Are Slowing Down

Over the past few years, prices soared at record speeds — sometimes up to 20% a year. It made the idea of buying a home feel out of reach for many.

But now, things are calming down. Experts are projecting smaller, single-digit increases this year — a much more normal pace.

That means:
✅ More predictable home values
✅ Easier budgeting for buyers
✅ Less pressure to rush or overbid

Prices aren’t dropping dramatically, but they’re stabilizing, and that’s a win for anyone planning their next move.

📉 Mortgage Rates Are Starting To Ease

After peaking earlier this year, mortgage rates have started to come down — and that’s helping affordability, too.

Lisa Sturtevant, Chief Economist at Bright MLS, explains it perfectly:

“Slower price growth coupled with a slight drop in mortgage rates will improve affordability and create a window for some buyers to get into the market.”

Even a small rate drop can make a big difference in your monthly payment.
While rates may still bounce up and down, experts expect them to stay in the low to mid-6% range for the year ahead — and possibly dip even lower as we move into 2026.

💡 What This Means for You

The housing market is adjusting — and that’s good news.
Prices are cooling off. Rates are easing. And for the first time in a while, things are starting to feel a little more balanced.

No, it may not make homes cheap overnight — but it’s a step in the right direction. And if you’ve been waiting for a sign to start your home search… this could be it. 🍂

🏠 Bottom Line

Both of the top concerns for buyers — prices and rates — are finally moving in a better direction.
With calmer market conditions, this fall might be the perfect time to revisit your home goals and make your move with confidence.

Finding ways to make your credit score better could help you get a lower mortgage rate. When you’re ready to get the process started, let’s connect.