Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost. AdvertisementFor buyers, the market already feels significantly different from the frenzied competition of several months ago. The explanation for the dramatic shift is simple, according to real estate experts. This guide will help you better understand mortgages, navigate real estate apps and agents, negotiate wisely and more. Now, buyers can leave those contingencies in place and have their offers taken seriously, said real estate agent Derek Oie, founder of Movement Real Estate in the Inland Empire.

Source: Los Angeles Times June 15, 2022 00:01 UTC