MoneyConsumer

Actions

Housing market remains unstable

Housing market remains unstable
Posted

(KERO) — Home prices are on the rise, but if you're looking to buy a home now or soon, experts say there's no need to despair despite some tough market conditions.

Still, there are plenty of challenges for potential home buyers.

Top of the list is mortgage rates, now around 7% for a 30 year fixed loan, which is more than four points higher than one year ago.

Home prices are only now beginning to ease-off of all-time highs that were hit during the pandemic's peak.

Real estate experts say that if you can afford to buy now, consider opting for a fixed mortgage with the hope that you can refinance at a lower rate later.

Another suggestion, if you have more cash on hand, pay more upfront to buy down your mortgage rate.

Experts add there are also opportunities in some housing markets for a seller's concession as part of a deal.

In areas with not as much buyer competition, sellers now are being forced to be more flexible



,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Monday

06/30/2025

Clear

-° / 73°

0%

Tuesday

07/01/2025

Clear

102° / 71°

0%

Wednesday

07/02/2025

Clear

102° / 73°

0%

Thursday

07/03/2025

Clear

103° / 69°

0%

Friday

07/04/2025

Clear

96° / 67°

0%

Saturday

07/05/2025

Clear

96° / 68°

0%

Sunday

07/06/2025

Clear

99° / 70°

0%

Monday

07/07/2025

Clear

101° / 71°

0%