Housing Market Still Favors Sellers, But Signs of Cooling as Rates Rise
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Interest rates are still relatively low historically, though higher than 2020-2021 lows. Rates expected to drop as inventory opens up.
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Up to $400K is still largely a seller's market requiring competitive offers. Above $400K is shifting to favor buyers more.
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Take steps to be the most qualified buyer get preapproved, understand must-haves, optimize credit score.
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Hire an experienced real estate agent familiar with the local market and skilled at negotiations.
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Consult mortgage advisors to understand options, rates, and steps to get started in current market conditions.