06/05/2026
While national inflation spikes mean mortgage rates are likely staying "higher for longer," current conditions are a far cry from the 2008 crash. Strong equity and strict lending standards keep the overall market stable, meaning today's challenge is simply affordability, not a structural collapse.
In Syracuse, trying to time the market by waiting for inflation to cool is a risky strategy. Local supply is heavily constrained at just 0.57 months of inventory, forcing homes to sell at over 101% of their asking price on average. If you pause your search, a future drop in rates will simply unleash massive pent-up demand, triggering intense bidding wars and driving local home values even higher.
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While national inflation spikes mean mortgage rates are likely staying "higher for longer," current conditions are a far cry from the 2008 crash. Strong equity and strict lending standards keep the overall market stable, meaning today's challenge is si...