Home Buying

Fueled by the pandemic-era housing boom and historically low interest rates, many Americans rushed to purchase their dream homes, often stretching their budgets to secure a piece of the market. Now, with mortgage rates significantly higher and home prices still elevated, some homeowners are finding themselves burdened by their once-dream properties. This shift in the market has led to increased financial strain for some, and experts suggest that the situation could worsen if housing prices decline. While some homeowners are choosing to downsize or relocate to more affordable areas, others are holding on, hoping the market will rebound.