Why Interest Rates Aren’t the Only Factor in Today’s Housing Market

The headlines lately have been all about interest rates, and I get it—it’s one of the biggest factors buyers and sellers think about. But here’s the truth: while rates do matter, they aren’t the only thing that shapes today’s real estate market. If you’ve been waiting on the sidelines until rates “go back down,” there are a few other trends worth keeping in mind.

The first thing that caught my attention recently is inventory. We are still seeing historically low numbers of homes for sale. According to the National Association of Realtors, housing inventory has hovered around 3 months’ supply for much of the past year—far below the 6 months that would indicate a balanced market.

Another important trend: home equity. Homeowners today have more equity in their properties than ever before. That’s good news if you’re a seller, because it means you’re walking into the market with a lot of financial strength. For buyers, though, it can feel like you’re climbing a steep hill when prices are still high. So where does that leave us? If you’re hoping to buy your first home or move up into your next one, don’t let fear of interest rates be the only thing holding you back. Remember: you can always refinance if rates drop in the future—but you can’t go back in time and buy the house you wanted once it’s already sold.

While the market has its challenges, there are also great opportunities if you’re prepared and working with the right team. Whether it’s getting creative with financing, knowing how to make your offer stand out, or simply having a guide through the process, I’m here to help. If homeownership is on your radar this year, let’s talk about a plan that works for you.