In today’s market, we’re seeing a real standstill between buyers and sellers. With higher mortgage rates, many buyers are finding it difficult to justify monthly payments, so they’re hitting pause on their home search. At the same time, pending sales are slowing down—meaning fewer folks are moving from browsing to actually signing contracts. On the flip side, many homeowners who locked in lower mortgage rates in years past aren’t eager to part with those favorable terms, which is keeping new listings scarce. The end result? A rare housing stalemate: buyers are hoping for more manageable payments, while sellers are reluctant to give up their great rates. After more than 35 years helping people navigate buying and selling throughout Oxford, Lapeer, Lake Orion, and neighboring communities, I know how challenging this kind of market can feel. My goal remains the same—making your real estate experience as smooth and informed as possible, no matter the climate.
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