October 2025 is projected to be the best time for homebuyers, with optimal conditions including increased inventory and reduced competition. Realtor.com highlights this month as a rare chance for buyers to negotiate effectively. Local timing may vary, so prospective buyers should consult agents to prepare for peak buying opportunities.
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3 Reasons Affordability is Showing Signs of Improvement this Fall
For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of them. But there’s some encouraging news. If you’ve been waiting forContinue reading “3 Reasons Affordability is Showing Signs of Improvement this Fall”
What the Recent Fed Rate Cut Could Mean for Mortgage Rates for the Rest of the Year
The Federal Reserve recently cut the Federal Funds Rate by 25 basis points, but this has not significantly affected mortgage rates, which already reflected this expectation. Experts suggest potential further rate cuts could lower mortgage rates in late 2025, improving housing affordability and market activity, contingent on economic trends.
Why 50% of Homes Are Selling for Under Asking and How to Avoid It
The housing market has shifted from a seller’s frenzy to a more normalized state, with about 50% of homes now selling below asking prices. Sellers must adjust pricing strategies and prepare homes carefully to maximize chances of selling at favorable prices. Understanding market dynamics is crucial for successful sales today.
What Mortgage Delinquencies Tell Us About the Future of Foreclosures
Foreclosures are rising, but numbers remain well below the levels seen during the 2008 crash. Current mortgage delinquencies are stable overall, with FHA borrowers more affected by economic shifts. Experts don’t anticipate a crisis, but monitoring is essential. Homeowners facing hardship have options, including repayment plans or selling to avoid foreclosure.
Should You Still Expect a Bidding War?
Concerns about bidding wars in home buying are easing as only 20% of homes received multiple offers in June 2025, down from 39% a year prior. Local market conditions vary, with some regions still experiencing higher competition. Additionally, many sellers are offering concessions, giving buyers increased negotiating power.
History Shows the Housing Market Always Recovers
With the current slowdown in the housing market, a significant number of homeowners are withdrawing their listings. Historical patterns show that market downturns are temporary, with previous recoveries occurring after events like the 1980s rise in mortgage rates and the 2008 financial crisis. Experts predict increased home sales by 2026, driven by anticipated lower mortgage rates.
The Truth About Down Payments (It’s Not What You Think)
Many prospective homebuyers feel intimidated by down payment requirements, often believing they need a large sum saved. However, statistics show typical down payments are much lower, potentially starting at 3.5%. Numerous assistance programs exist to help buyers. With the right information and support, homeownership may be more attainable than imagined.
What Credit Score Do You Really Need To Buy a Home?
Many homebuyers mistakenly believe they need higher credit scores than required to obtain a mortgage. There’s no universal credit score threshold; each lender assesses risk differently. Improving your credit can lead to better loan terms. Talking to a trusted lender can clarify your options and help you understand your credit standing.
Today’s Tale of Two Housing Markets
The housing market is currently divided, with some regions favoring buyers while others benefit sellers. In the Northeast and Midwest, demand exceeds supply, leading to rising prices. Conversely, the South and West feature more homes than buyers, causing prices to soften. Local insights are essential for navigating these differing conditions effectively.
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