Experts Share Insights on Home Prices Amid High Mortgage Rates

Mortgage rates have fluctuated around 6.5%, making it unlikely they'll drop significantly soon due to inflation and economic factors. If rates stay high, home prices are expected to gradually decline as demand weakens and supply increases. However, if rates fall, more buyers may enter the market, stabilizing or raising prices. Buyers should focus on affordability, consider incentives, and avoid trying to time the market.