Rate Buydown or Price Reduction: Which Helps Sell a Stalled Listing Faster?
If you've got a listing that's been sitting longer than it should, you're not imagining it. Mortgage rates just touched their highest levels in about a year, national averages running close to 7%, and the 10-year Treasury yield climbed to its highest point since late 2023. That's pricing some of your buyer pool out of homes they could have afforded just a few months ago, and it's showing up in days-on-market numbers across a lot of markets right now.