A seller’s market happens when housing inventory is low and buyer demand is high. This imbalance drives multiple offers, quicker sales, and higher prices. In these conditions, sellers often have more leverage, while buyers need to move decisively and make strong offers. However, even in a strong sel

A buyer’s market occurs when the number of homes for sale exceeds the number of buyers. This creates more competition among sellers and more negotiating power for buyers. Homes tend to stay on the market longer, and price reductions become more common. Buyers can often secure favorable terms, seller

Mortgage rates fluctuate based on broader economic conditions, particularly inflation, employment data, and the Federal Reserve’s policy decisions. When inflation rises, rates often increase to maintain the value of money. When the economy slows, the Fed may lower rates to stimulate borrowing and in