Reply To: Mortgage rates are falling, so why are home sales still slowing down?

Lower borrowing costs help, but they’re only one part of the equation. Many buyers are still dealing with elevated home prices, higher insurance costs, property taxes, and economic uncertainty, so demand remains cautious. Even if rates decline, affordability doesn’t automatically improve if home prices stay high.

Ultimately, the decision should be based on your financial situation and long-term plans rather than trying to perfectly time the market. This breakdown on the hidden costs of renting vs. buying adds some useful perspective.