Mortgage Rate Dip Brings Buyers and Sellers Back (September 2024 Market Report)

By Skylar Olsen | Oct 15, 2024 Lower mortgage rates have sparked a resurgence in both buyers and sellers in the real estate market during September. The favorable conditions have drawn them back, with new listings and sales moving closer to pre-pandemic levels. For a potential buyer who could afford the mortgage payment on a typical home in May, the drop in mortgage rates to a two-year low of 6.08% by late September translated to a significant boost of over $40,000 in buying power over the p