Turning to the realm of mortgage and real estate, the market remains stable with few significant changes. The resale market is steady, and it appears many are holding off on listing their homes, possibly waiting for interest rates to drop. This leads to a common dilemma: is it better to buy now or wait until rates fall? When rates decrease, demand often increases, which can drive prices up, resulting in a larger mortgage despite the lower rates. My advice would be to focus more on the home prices rather than trying to time the market based on interest rates.
Please feel free to call me with any questions or for further discussion on this topic.
All the best,
Elena