Housing affordability is front and center for many buyers and sellers right now, and there are four big questions shaping the landscape. We’re seeing signs of housing disinflation, and sellers are starting to offer more concessions—potentially opening up savings for those determined to achieve homeownership. Still, borrowing costs remain the main challenge: with benchmark Treasury yields close to 5% and the average 30-year mortgage rate nudging into the low-7% range, financing is a bigger consideration than ever.
Between mid-August and mid-September, the median monthly mortgage payment climbed to around $2,600, a 3% increase compared to last year. This highlights just how much financing costs continue to stretch affordability for buyers. At the same time, resale inventory remains tight—many homeowners are holding onto their low-rate loans, making listings scarce, while sellers continue to hope for pandemic-era prices on their properties.
Industry experts are calling this a correction toward stability, not a crash, with strong home equity and lending standards still in place. As someone who’s committed to clear communication and honest guidance, I’m here to help you navigate these shifts—whether you’re buying, selling, or investing. In a market that’s always evolving, informed decisions and local insight make all the difference.
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