Mortgage rates have dropped to their lowest point in years. Because of that, monthly payments are getting a little cheaper. This is bringing buyers back. More people are touring homes and making offers again.
At the same time, something else is happening.
For the past few years, many homeowners didn’t want to sell because they had very low interest rates. This is called the “lock-in effect.” Now that rates are easing, some of those homeowners are finally willing to move. That means more homes may start hitting the market.
What this means for you (RBKS style):
- Buyers: You don’t need perfect rates — you need a plan. Buying power is improving, but good homes still go fast.
- Sellers: Waiting too long could mean more competition later. Early movers often get better attention and pricing.
- Agents & investors: Demand is rising faster than supply. That gap creates opportunity for people who are prepared.
Bottom line:The market isn’t exploding — it’s shifting.People who understand the shift early make smarter moves.