Why Are Homes Still So Pricey?

So, home sales actually ticked up a bit in May, but don’t get too excited—high mortgage rates are still making it tough for most folks to buy. The average 30-year mortgage is hovering near 7%, so unless rates drop, expect the housing market to stay sluggish. If you’re house hunting, you might notice more listings and slightly longer waits before homes sell, but prices are still hitting record highs. Maybe it’s time to brush up on negotiation skills or keep renting a bit longer! #HomeBuying #MortgageRates #RealEstate