Part 7/9:
While no one has a crystal ball, experts like LaRose suggest that rates might stabilize in the high 5% to low 6% range by the end of Q1 or early next year, aiding in market stabilization. This could lead to more balanced conditions where buyers feel more comfortable committing, and sellers see consistent demand.
LaRose also warns about the psychological effects: rapid rate drops can cause market volatility, with some buyers feeling overly optimistic and others hesitant. The overall market trend will depend on broader economic indicators such as employment, inflation, and GDP growth.