Home buyers lowering their expectations, but that’s a good thing [Video]

Despite predictions of lower mortgage rates in 2024, that hasn’t happened yet.

Mortgage rates topped seven percent once again at the start of May and home buyers and sellers may not see relief any time soon.

But with expectations for a risky home selling season lower again, realtors said you can actually use that to your advantage right now.

Realtor: bite the bullet and buy right now

Realtor Susan Huff of Huff Realty has been selling homes for 30 years, to everyone from downsizing baby boomers, to young couples just getting started.

She knows seven percent mortgage rates have put homes out of reach for many families.

She tells buyers to bite the bullet if they can because competition is much lower right now than it was during the crazy 2021-2022 period.

“If rates ever come down, hopefully in the next year or two, then they can just refinance,” she said.

Buyer Carolyn Marsh listened and decided to bid on a condo despite a …