Recently, most real estate headlines have been wildly negative.
Many homebuyers that haven’t given up have pretty much been demoralized because of high rates, high prices, and low inventory.
Mortgage rates dropped 0.60% last week after the inflation report came in better than expected. However, it’s hard to ignore the fact that the overall cost of buying a house has increased.
If you take a closer look at the data, though, you’ll notice that many homebuyers might actually have the upper hand in a real estate deal right now.
Watch this week’s OC Weekly Housing Report to see why.