July marked a significant turning point in the US housing market, with home sales dropping to a two-year low. Pending sales fell by 2.5%, as buyers faced record-high median prices of $407,730 and saw the 30-year mortgage rate climb to 6.54%. In this kind of market, negotiation and strategy are more important than ever. As someone who’s spent years honing my negotiation skills—first in the Army and now as your local DC and Maryland realtor—I know that staying proactive and putting clients first can make all the difference. Challenges like these are where a solid approach and determination really pay off for homebuyers and sellers alike.
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