It’s no secret that rising mortgage rates have made things trickier for buyers—recent numbers show mortgage applications for new homes dropped 5.7% compared to last year, and slipped 1% from June. New-home sales are now tracking at a 647,000 annual rate, down 3%. As inventory grows and rates climb, demand is understandably more cautious, and the average loan size has dipped to $374,438. I’ve seen firsthand how navigating this shifting landscape means listening closely and helping clients find the right fit, whether that’s stretching a budget or adjusting priorities. Even in a market with more options, it takes careful matchmaking to keep buyers and sellers moving forward with confidence.
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