06/19/2026
🏡 "We're waiting for rates to come down."
I hear this every week.
But here's what many Essex County buyers don't realize:
If rates fall...
✅ More buyers enter the market
✅ Competition increases
✅ Multiple offers return
✅ Prices often rise
I recently modeled a typical Brookdale-area home selling today for $650,000.
In some scenarios, buyers who waited for lower rates ended up with monthly payments that were actually HIGHER than buying today.
Why?
Because you can refinance a mortgage.
You cannot refinance the price you paid for the house.
If you've been waiting for rates to drop before making a move, I'd be happy to show you the numbers.
The answer may surprise you.
📍 Bloomfield • Montclair • Glen Ridge • Nutley • Verona
You'll never walk alone!
Douglass Gillespie
Northern New Jersey REALTOR®
Brookdale Home Advisor
EPIQUE Realty | NJ Area Leader
