Waiting until fall won’t make homes more affordable, but here’s what will

There’s a common belief that home prices will ease up if you just wait until fall. But here’s the reality: the income now needed for a median-priced home in the US is over $120,000—almost twice what it was not so long ago. With mortgage rates hovering around 6.5% and prices still on the rise, delaying rarely makes things any easier. Most buyers put down between 6-9%, though there are still low or even zero down payment options out there. In my experience here in Las Vegas—having guided clients through new home sales, short sales, and everything in between—success comes down to preparation. Understanding your options and getting ready early puts you in a stronger position, no matter what the market is doing.