The Worst May Be Over For Home Buyers!

For the past two years, potential homebuyers have faced a double whammy of high prices and high mortgage rates.

But a recent report from real estate marketplace, Zillow, found that nearly one in four home sellers offered price cuts in June.

That’s the highest level for that month since 2018.

Also, the average rate for a 30-year fixed-rate mortgage fell this week to its lowest level since mid-March.

This, along with a jump in new home construction and the expectation the Federal Reserve could begin cutting interest rates in September, could make buying a home more affordable in the future. (CNN)

Let’s hope so!