At The Brooks Group, we know that the journey to homeownership is shaped by complex forces—and right now, four key questions are shaping the path for buyers and sellers alike. Lately, we've seen housing disinflation, with buyers and sellers often missing each other on pricing expectations, leading to more concessions from sellers. For many families chasing their dream home, that could mean real savings.
However, affordability remains a real challenge. Benchmark Treasury yields are hovering around 5%, pushing the average 30-year mortgage rate just above the low-7% range. In the four weeks ending September 13, the median monthly mortgage payment reached about $2,600—up roughly 3% from last year. These rising financing costs continue to stretch buyers’ budgets.
Meanwhile, the resale market remains tight. Many homeowners are holding onto low-rate loans, resulting in fewer listings, while sellers still hope for pandemic-era prices on their properties. From our vantage point in Central Florida and Southeast Michigan, we’re seeing a market moving toward stability, not crisis—supported by strong equity, responsible lending, and room for opportunity on both sides of the table.
At The Brooks Group, we believe real estate is about people and purpose. Even in this shifting landscape, we’re committed to helping our clients build legacies through informed, confident decisions.
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