Let's get you home, even as the landscape shifts. In Mid-Q3, US existing-home sales dropped below 4 million, settling at a 3.98M annual pace—a 14-month low and a 2% dip from the previous month. Mortgage rates for a 30-year fixed hovered around 7%, and supply climbed to 4.9 months, so buyers are seeing more listings and a bit more breathing room. The median price for existing homes reached a record $429,100, with higher-priced properties leading the market. Rising wages and steady job growth are still fueling demand, and with more homes on the market, buyers have a stronger hand at the negotiation table. For those stepping in for the first time, you’re not alone—first-time buyers made up 30% of purchases, and cash deals represented 27%. On average, homes spent 31 days on the market, giving everyone a little more time to find the right fit.
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