Mortgage rates in the U.S. remain persistently high, with 30-year fixed loans hovering around 6.7% as of July 2025. While home prices continue to rise modestly and sales volumes dip, buyers and sellers alike face new challenges. Should you buy now, or wait for potential relief? This article explores strategies and expectations in today’s market.

The U.S. housing market is showing signs of a shift toward buyers, with the number of sellers now outpacing buyers by a record 34%. This imbalance is creating more opportunities for homebuyers, especially in the condo sector and in cities like Miami, where rising inventory and longer listing times are shifting negotiating power.