Lower rates will mean more competition for buyers, with many people in similar boats waiting for the right time to make their move in the market, thus potentially leading to higher home prices. However, after a long drought of inventory, we’re seeing more sellers listing their homes, which could help to combat an issue of demand outpacing supply. In fact, according to a Mansion Global article, the country’s inventory levels are at the highest they have been in the past four years. Buyers, this means not only will you be purchasing with lower rates, but you’ll also have more listings to choose from—this is great news!

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