If you've been holding off on selling your home because you're concerned that no one's buying, this might be the perfect moment to reconsider. The real estate market is shifting, and now could be the ideal time to reach out to S&D Real Estate.

After a prolonged period of high mortgage rates that kept potential customers on the sidelines, rates are now starting to fall. Recent economic changes have prompted a drop in mortgage rates; The Federal Reserve cut the Federal Funds Rate for the first time since March 2022. While the Fed doesn’t directly control mortgage rates, this move sets the stage for further declines in borrowing costs, especially with additional cuts expected next year. As rates drop, more buyers are returning to the market.

Dee McDonough, owner of S&D Real Estate, explains:

"A decrease in borrowing costs will drive greater demand from homebuyers, while lower rates are likely to encourage more homeowners to enter the market."

Lower Rates, Higher Customer Interest

There’s a clear connection between falling mortgage rates and increased buyer interest. As rates go down, more people start applying for mortgages, showing that lower rates encourage more buyers to jump back into the market. This means that as borrowing costs drop, we’re seeing a lot more activity from people looking to buy homes.

What This Means for You

In fact, home sales rose in July, according to the National Association of Realtors (NAR), after four months of consecutive declines. For homeowners thinking about selling, this surge in customer interest is great news.

With more buyers in the market, there’s likely to be increased competition for homes, which can translate into better offers and less time on the market. As Edward Seiler, AVP of Housing Economics at MBA, notes:

“MBA is expecting that slower home-price appreciation, coupled with lower rates, will ease affordability constraints and lead to increased activity in the housing market.”

As the market becomes more accessible to a broader range of buyers, you have a prime opportunity to sell your home quickly and at a competitive price.

Dee McDonough, owner of S&D Real Estate, adds:

“With mortgage rates falling and more buyers entering the market, now is a fantastic time for homeowners to sell. Our team is ready to help you navigate this shift and make the most of the current market conditions.”

Bottom Line

With mortgage rates dropping and more customers re-entering the market, now is the time to prepare your house for sale. Let’s work together to take advantage of this increased buyer interest and get your home sold. Reach out to S&D Real Estate today to get started. For personalized guidance on selling a home, reach out to us at S&D Real Estate. We’re here to help:

📞 (863) 824-7169

✉️ AgentCare@SandDRealEstate.com 

Together, we’ll help you find the perfect home and mortgage solution!