From holiday parties to family gatherings, real estate inevitably becomes part of the conversation this time of year. Whether you're contemplating your next move or simply curious about market shifts, here are the three questions we're hearing most often—and the insights that matter.
1. "Is there actually anything to buy right now?"
The answer might surprise you: yes, and more than you'd think.
The market has evolved significantly over the past few years. For six consecutive months, inventory has exceeded one million homes nationally—a milestone we haven't seen since 2019. What this means for you is straightforward: buyers have genuine choice again, and sellers have viable options for their next chapter.
If you paused your search because nothing aligned with your vision, the landscape has shifted. You're no longer competing for a handful of properties in a frenzy. Homes are staying on the market longer, giving you the space to evaluate thoughtfully and move with confidence rather than urgency.
2. "Will homeownership ever feel within reach again?"
The tide is turning, and the numbers tell an encouraging story.
After several challenging years, we're seeing meaningful improvements in affordability. Mortgage rates have eased from their recent peaks, and home price appreciation has moderated to more sustainable levels. The result? Monthly payments that are hundreds of dollars lower than they would have been just months ago.
While purchasing a home still requires intention and planning, the path forward is becoming clearer for many who felt priced out. For those who've been waiting on the sidelines, this shift represents a genuine opportunity to reconsider what's possible.
3. "Should I wait for prices to drop?"
We understand the temptation to wait for the "perfect" moment, but let's look at what the data actually shows.
While inventory has increased, we're nowhere near the levels that would trigger significant price declines nationally. Today's homeowners carry substantial equity and are in fundamentally stronger financial positions than during previous market corrections. Experts surveyed by Fannie Mae project continued price growth—just at a healthier, more measured pace.
Local markets vary, of course. Some neighborhoods continue to appreciate robustly, while others that experienced dramatic spikes are stabilizing. But history consistently demonstrates that wealth in real estate is built through time in the market, not by attempting to time the market perfectly.
Your Next Move Starts With Clarity
Holiday conversations about real estate can feel overwhelming, with opinions coming from every direction. What matters most is understanding how these market dynamics apply to your specific situation and goals.
At Modern & Main, we believe in cutting through the noise with data-driven insights and personalized guidance. Whether you're considering buying your first home, upgrading to accommodate your growing needs, or positioning yourself for your next chapter, we're here to help you navigate with confidence.
Ready to explore what's possible? Connect with our team at Modern & Main. Let's turn those holiday conversations into your next move.