Existing-home sales increased in July, showing that more buyers are stepping back into the market.
Inventory levels are higher than a year ago, giving buyers more options and sellers more realistic expectations.
Home prices remain stable, which is positive for both buyers and sellers looking for predictability in the market.
The Federal Reserve met this week in Jackson Hole, where policy makers discussed the state of the economy and the potential path forward for interest rates. While no immediate changes were announced, their comments may set the tone for the months ahead.
Reports coming out next week on new home sales, GDP growth, and inflation will give us fresh insights into the economy. These indicators can influence mortgage trends in the weeks ahead.
For Buyers: More homes are available now than a year ago, which can ease competition and create opportunities for negotiation.
For Sellers: Steady prices combined with increasing buyer activity make this a good time to present your property well and price it competitively.
For Homeowners: Even if you’re not buying or selling, these trends are important to watch—they can affect property values and long-term financial planning.
At Mortgage Outfitters, we keep a close eye on market shifts so you don’t have to. If you’re thinking about purchasing, refinancing, or just want to explore what today’s market means for your plans, we’re here to walk you through the options.
Have questions about how the latest housing or economic updates could affect you? Contact us and let’s talk through your goals.
This post is for informational purposes only and not a commitment to lend. Market conditions and program eligibility can change. For personalized advice, please reach out directly to Mortgage Outfitters LLC (NMLS 2669832).
