Why Are Homes Still So Pricey?

Thinking about buying a house? Here’s the scoop: even though there are more homes for sale than last year, prices just hit a new record high—over $422K on average! Homes are sitting on the market a bit longer, but with mortgage rates still high, buyers aren’t rushing in. If rates drop later this year, expect more action. For now, sellers still have the upper hand, especially in the Northeast. If you’re house hunting, patience (and maybe a bigger down payment) is key! #RealEstate #HomeBuying #HousingMarket