🪄 The Magic Mortgage Rate 📈

🏡 When will we see more homes hit the market?

The answer: When Mortgage rates reach the magic number.

🔓 Right now, 87% of homeowners have a mortgage rate below 6%, keeping them locked in place.

Selling feels like a bridge too far—even though many want to sell.
But there’s hope on the horizon.

🙌 Mortgage rates have dropped significantly from where they were 12 months ago, and there’s growing optimism they’ll continue to fall in the months ahead.

👀 So, what’s the magic rate that unlocks more homes for sale?
According to JBREC research, the sweet spot is between 5% and 5.5%.

At that rate:
- 47% of potential sellers say they would list their homes.
- Compare that to last year’s nearly 8% rates, when only 5% even considered selling.