Brianna MillerWhen Bank of America recently surveyed would-be homebuyers, the results were clear: most people are waiting for one thing before they feel confident about making a move—better affordability. That comes down to two factors: home prices and mortgage rates.
Brianna MillerAfter years of rising home prices and mortgage rates, many buyers hit pause — and understandably so. But there's good news on the horizon: affordability is finally starting to improve. According to Redfin, the typical monthly mortgage payment has dropped by about $290 in recent months. If you’ve been waiting for the right time to jump back in, this fall could bring the opportunity you've been hoping for.