Price Cuts Hit a Record High. What Sellers Can Learn From the Latest Data

More than 1 in 5 home sellers cut their asking price in the four weeks ending October 11, according to a recent housing marketing update from Redfin.    It's the highest share in Redfin's records, which go back to 2021.   If you're thinking about selling in the Triad, I'd guess the last thing you wa

Mortgage Rates Expected to Stay Above 7% Through 2027

The mortgage rates we're seeing right now are scary enough, even for October. What the experts expect from now until the end of next year might not be what you want to hear.   But it comes with some good news, too.   A new mortgage rate forecast from Mortgage Bankers Association (MBA), a national gr

Should You Wait for Lower Mortgage Rates Before Buying in the Triad?

The 30 year fixed mortgage rate hit 7.5% last week, shortly after the Fed raised rates for the first time in three years.    If you're planning to buy a home sometime in the next year, that kind of move could change what you can afford by about $60,000.   I know rates have a lot of buyers in the Tri

What Home Buyers Should Know Before Waiting for Lower Mortgage Rates

Should you buy now, or wait for a better time?   I hear this question from buyers in the Triad all the time, and I understand why you'd ask it. Putting your money into a home is a huge decision, and nobody wants to look back and wish they'd waited for a lower rate or a better price.   A study by AD