📉 Good news! Inflation hit a two-year low. The latest CPI data shows a 0.2% increase from May to June, coming in at 3% year over year. The Federal Reserve's measures to reduce inflation are working.
🏠Housing costs remain a challenge, but mortgage rates have settled down at 7%. Experts suggest the Fed should halt rate increases, as it negatively impacts housing.
đź’° Buyers: The current lull in demand presents a buying opportunity before rates potentially decrease later in the year.
⚡️ Sellers: Consider listing your home now, as more sellers will enter the market when rates decline.
âś… Consult with a professional agent to navigate the market and achieve your goals.