Every buyer wants to purchase at a great price and a low mortgage rate as that is a major factor in the monthly cost. Here’s how today’s buyers are being impacted:

Price – Based on a home price expectation survey released by Pulsenomics on April 15, more than 100 housing experts predict a 3.4% annual gain in US home values for 2025. Values are forecasted to increase 3.3% in 2026. The Fannie Mae survey expects that home prices will rise at least through 2029.

Mortgage Rates – The average fixed 30 yr. rate is 6.88% this week, according to Bankrate’s latest lender survey. Experts project rates could be in the mid-to-low 6% range by the end of the year as greater uncertainty unfolds in the economy.

If you're holding off on buying a home, hoping mortgage rates will drop, it's important to also consider where home prices are headed. Experts expect prices to keep rising — which means waiting could end up costing you more, even if rates improve. Buying now lets you start building equity sooner and take advantage of today’s market before prices climb higher. 

Contact me if you would like expert advice on buying in today’s challenging market.

Donna Forest M: 603-731-5151 donna@donnaforest.com Follow her on Facebook