The housing market is showing a mix of opportunity and challenge as we head into the end of summer. Pending home sales dipped slightly in July compared to the previous month, but activity remains modestly higher than this time last year. Buyers are still active, even as affordability remains a key consideration.
At the same time, home price growth has slowed. This can provide a bit more flexibility for buyers who may have felt priced out in the past. Inventory is also improving—both new construction and existing homes are staying on the market longer, creating more options than we’ve seen in recent years. Many industry experts note this is shaping into one of the most buyer-friendly environments in over a decade.
As the broader economy shifts, housing continues to adjust. More homes on the market and slower price increases may give buyers a stronger position heading into the fall. While affordability challenges remain, the market is gradually moving toward balance, opening opportunities for those prepared to act.
As market conditions shift, homeowners may also benefit from exploring a refinance. If borrowing costs continue trending lower, refinancing could help reduce monthly payments, shorten a loan term, or free up equity for other financial goals.
Even if you purchased in the past few years, now may be a good time to review your current mortgage and compare it against today’s opportunities. A refinance isn’t the right move for everyone, but understanding your options ensures you don’t miss out on potential savings.
👉 If you’re considering a refinance, reach out to me anytime. I’ll be glad to review your current loan and walk you through the options available to you.
Buying a home isn’t just about finding the right property—it’s also about having the right team around you. Every professional involved plays a critical role in whether a transaction goes smoothly:
Lender – Your financing partner must deliver on time and communicate clearly and regularly. Delays or missteps here can cause a deal to fall apart. Working with a mortgage broker gives buyers access to many lenders and loan programs, often creating more options and flexibility than a single bank can provide.
Real Estate Agent – The agent guides negotiations, coordinates with all parties, and advocates for your best interests throughout the process. A skilled agent not only helps you find the right home, but also understands market conditions, anticipates potential issues, and keeps the transaction moving forward smoothly.
Closing Attorney/Title Agent – Ensures that the legal and financial aspects of the transaction are accurate and compliant, preventing costly surprises. They also manage the title search and title work early in the process to confirm clear ownership and resolve any issues before closing. Just as importantly, they coordinate with the lender to prepare and review closing documents on schedule, keeping everything aligned so your closing isn’t delayed.
Insurance Agent – Helps you secure the right coverage so your new investment is properly protected before closing. The right insurance partner also makes sure your policy fits your needs without pushing your monthly payment above your lender’s approval limit. This protects your budget and ensures your loan approval stays intact all the way to closing.
When even one part of this team doesn’t perform, it can put the entire purchase at risk. Choosing trusted professionals for each step is one of the best ways to keep your transaction on track.
👉 If you're unsure where to start, I’m always happy to connect you with trusted lenders, agents, attorneys, and insurance professionals I’ve worked with who consistently deliver excellent service.
